Dollar holds amid quiet trading in global markets

The dollar remained steady against most of the majors on Tuesday, despite sleeping slightly earlier, amid quiet trading and focus shifting towards the G20 summit.

White House chief economic adviser Larry Kudlow said that a meeting between US President Donald Trump and his Chinese counterpart, Xi Jinping, is scheduled to take place on the sidelines of the summit in late June in Osaka, Japan.

Kudlow stated that the trade war is more damaging to the Chinese economy than its American counterpart.

Trump threatened to impose more tariffs on China if its president did not attend the upcoming G20 summit.

US Government data showed that the number of initial jobless claims in the United States rose by 3,000 to 222,000 last week, while the import price index fell by 0.3% in May.

In terms of trade, the dollar index (against a number of major currencies) stabilized by 96.9 points at 18:27 GMT, reaching a high of 97.08 points and a low of 96.8 points.