The dollar made a steady start in Asian Market opening trades today as investors prepared for a week packed with economic data that may give a first glimpse of whether U.S. President Donald Trump\'s trade war is hitting home. Last week both US and China seemed to pull back from the precipice, with the Trump administration signalling openness to reducing tariffs and China exempting some imports from its 125% levies. Yet where Trump insists there has been progress, and that he has spoken with President Xi Jinping, Beijing has denied trade talks are occurring and on Sunday Treasury Secretary Scott Bessent did not say that tariff talks were under way. In major currencies today, at 143.57 yen and $1.1360 per euro the greenback has, for now, found a footing, while staying on course for its largest monthly fall in nearly 2-1/2 years as Trump has rattled confidence in the dependability of U.S. assets. The pound was 0.23% lower versus he USD at $ 1.3283. The USD was 0.12% higher against the Chinese Yuan at 7.2954. The next big chapter here will be whether all this volatility has hit real-world decisions - especially in the U.S. jobs market. The Indian rupee opened stronger with a huge gap of almost 15 paise at 85.30/31 against its previous session’s close of 85.45/46 and is expected to trade between 85.20 - 85.60 band today.
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