#USChinaTradeTalks

The North American dollar fell this Monday, giving back some of the gains made on Friday, driven by positive expectations surrounding trade talks between the US and China, which are taking place in London.

At 11:05 AM (Saudi Arabia time), the dollar index — which measures the performance of the American currency against a basket of six currencies — dropped 0.3%, trading at 98.890. In the previous session, the dollar had risen after positive labor market data from the US, providing some relief to investors after a week marked by weak economic indicators.

Despite the recent momentum, the American currency has accumulated a decline of about 9% this year, amid concerns that the instability of the trade policies of the Trump administration could push the US economy into a recession.

The market's eyes are now turned to the round of negotiations in London, led by US Treasury Secretary Scott Pruitt and Chinese Vice Premier He Lifeng. The agenda includes topics such as tariff reductions, changes in rules for exporting technologies and strategic minerals, as well as the creation of a new framework for bilateral trade — key points to reduce tensions between the two largest economies in the world.