The Dollar lost ground in N.Y. on Tuesday, taking the DXY from trend highs of 97.20 to a low of 96.65. Hopes for progress on U.S.-China trade talks, along with an agreement to keep the U.S. government funded beyond Friday, reversed some of the Dollar safe-haven buying seen for the past week. EUR-USD rallied from near 1.1290 to over 1.1340, while USD-JPY stumbled early, though steadied near 110.50 as Wall Street surged. USD-CAD was heavy on the recovery in oil prices, while Cable reversed out of three-week lows seen in London, to top over 1.2900.
[EUR, USD]