🚨🇺🇸🇨🇳DOLLAR #STRUGGLES AMID U.S.-CHINA TRADE UNCERTAINTY

🔹The U.S. dollar remains weak as investors grow uneasy over conflicting signals from the U.S. and China on trade talks.

🔹Treasury Secretary Scott Bessent said China must initiate de-escalation, while Trump claims progress, but Beijing denies it.

🔹Dollar slipped sharply against the yen and Swiss franc, viewed as safer assets.

🔹Slight sentiment boost came from Trump's plan to reduce automotive tariff impact.

🔹Markets expect no imminent deal, with signs of a protracted trade war.

🔹Meanwhile, the euro and sterling remain strong as investors shift from U.S. assets.

🔹Investors brace for a data-heavy week: U.S. jobs report, GDP figures, and core PCE inflation data ahead.

🔹Canadian dollar steady before election results; Aussie and Kiwi dollars slightly weaker.

- Reuters$ETH