The week started out with a mix of market tailwinds headlined by a US-China trade truce which propelled the dollar higher, though the euphoria soon fizzled out and left currencies trading sideways.

Most of the action in the foreign exchange market came from the Dollar’s moves against the South Korean won, where it fell sharply for two straight days on news that Washington and Seoul discussed the Dollar, won market earlier this month.

The Dollar last traded 0.14% lower at 1 394.70 won.

"Speculation is once again mounting that US President Donald Trump favours a weaker Dollar, potentially pressuring other governments to allow their currencies to appreciate in trade negotiations," said George Vessey, lead Foreign Exchange and macro strategist at Convera. 

--Reuters--