The dollar was firmer in early Asian trade on Wednesday while the Australian dol...
TOKYO - The dollar was firmer in early Asian trade on Wednesday while the Australian dollar brushed a more than four-month low as traders eyed Chinese and European data for clues on whether the worst is over for the global economy.
U.S. President Donald Trump insisted on Tuesday that trade talks with China had not collapsed and called the U.S.-China trade war “a little squabble”. The dollar index against a basket of six key rivals was steady at 97.542, having risen 0.2% during the previous session. Later in the global day, focus turns to euro zone and German gross domestic product reports and U.S. retail sales and industrial product for April for further cues on global growth.The single currency ended the previous session lower after Italy’s deputy prime minister said the country is ready to break European Union budget rules on debt levels if necessary to boost employment.
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