The dollar weakened further on Friday afternoon and has fallen today, as China and the US pursued talks to try to salvage a trade deal. However, President Trump said that he was in “no rush” to finalise a trade agreement, saying that discussions were continuing in a “very congenial manner”.
Despite the tariffs, Beijing are reportedly ‘defiant’ in their position, showing a reluctance to put any changes agreed into law.
Any escalation in trade talks this week could cause the dollar to weaken further. This may even prompt the Federal Reserve to cut interest rates to support the economy.
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