As this week of conflicting signals about the possibilities of Sino-US tariff rollbacks, on Friday the dollar trod water, pushed traders on the brink and froze currency markets, before the launch of controlled manufacturing data.
"Headline fatigue has sunk in," said Ray Attrill, Head of FX Strategy,
"The customer is relinquishing attempting to second-guess with the constant barrage of potentially contradictory incidents and we'll trade it once we know what is going on."
As the news tugs sentiments in every direction, the greenback was steady at 108.63 yen/ dollar against the safe-haven Japanese yen, as it started the week.
It was marginally lower on the antipodean dollars versus the euro at $1,1061 and steady on a currency basket at 97,958.
Statements by a spokesperson for the Chinese Commerce Ministry stated on Thursday that China is willing to try hard to fix the dispute that keeps the hopes of a solution alive in trade talks.
The Wall Street Journal has confirmed that it has invited the leading US diplomats to come to Beijing, where they will negotiate over the matter, seen as a sign of improvement.
Tags : Headline fatigue, sunk , froze currency, manufacturing data, ,