The dollar inched lower on Tuesday, but gains in riskier currencies were capped as traders fretted about company earnings and braced for Chinese trade data likely to show the sweeping impact of the coronavirus health crisis on economic activity.
held at 7.0540 per dollar in offshore trade, firmer than the three-week low of 7.0370 hit on Good Friday.
The grim trade report is likely to reinforce views that China’s economy sharply contracted in the first quarter for the first time since at least 1992.
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