The investors braced for a week packed with economic data that may give a first glimpse of whether US President Donald Trump's trade war is hitting home.  

At 143.69 yen and $1.1325 per euro the dollar 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 US assets. 

It is down more than 4% on both the euro and the Yen through April, though bounced at the end of last week on an apparent conciliatory shift in the tone of US, China relations.  

Last week, both sides seemed to soften their respective stances, 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.  

--Reuters--