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NewsBreak- U.S. Dollar Lower on Reports that China Doubts Trade Deal Possible

Investing.com - China is doubting if it can reach a comprehensive deal with the U.S., Bloomberg reported on Thursday.

Officials have blamed U.S. President Donald Trump and his impulsive nature and fear that he could back out even as both signs prepare to sign a deal in the coming weeks. The Chinese have warned that they won’t budge on certain issues, Bloomberg reported, quoting people familiar with the matter.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, extended losses after the news, falling 0.4% to 97.083 as of 5:34 AM ET (9:34 GMT). The greenback extended losses against the safe haven yen, falling 0.44%.

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