Traders were also wary of US officials potentially angling for a weaker dollar at Group of Seven finance minister meetings currently underway in Canada.
Developments in US President Donald Trump's global tariff war, which have swung currencies wildly in recent months, have slowed considerably this week.
Even as the clock ticks down to the end of 90-day tariff respites for US trade partners in the absence of new trade deals.
While markets remain optimistic that the White House is eager to get trade flowing again on a sustained basis, talks with close allies Tokyo and Seoul appear to have lost momentum.
--Reuters--
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Dollar drops as traders eye Trump tax bill, G7 currency talks

Date: May 21, 2025
The United States (US) Dollar fell on Wednesday, extending a two-day slide against major peers, as President Donald Trump failed to convince Republican holdouts to back his sweeping tax bill.
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