NEWS： The news of the trade war was mixed
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The dollar fell broadly on Monday after US President trump said over the weekend that trade talks with China were "very smooth," but that the US would reach an agreement with Beijing only if it was in the US' interest.
Trump told reporters on Saturday that the talks are moving slower than he hoped, but China is more eager to reach an agreement.
The president also said the report that the United States is willing to lift tariffs on Chinese goods exported to the United States is wrong. Chinese and U.S. officials said last week that the two countries had agreed to remove the added tariffs in the "first stage" trade agreement.
The dollar index ended 0.15% lower at 98.202. The dollar fell 0.15% to $1.103 against the euro.
News of the trade war was mixed, leaving investors frustrated and confused, said Craig erlam, senior market analyst at OANDA Corp. "we go from optimism to pessimism every day, but we never feel that one is wiser."
"This time it's trump's turn to pour cold water on proposals not only to reach an agreement, but also to eliminate tariffs. It's hard to say who will suffer more from the failure of this agreement, but this last-minute fight does not increase confidence, "erlam said.
Although the dollar often acts as a safe haven asset in times of political and economic uncertainty, it fell against traditional safe haven currencies such as the yen and the Swiss Franc on Monday.
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