A few Chinese exporters are speeding up conversion of their dollar income into yuan on bets the worst of the tariff-led loss in the local currency may be over.

A flight from U.S. financial assets prompted by President Trump’s trade war is subsiding as the White House appears increasingly keen to strike a new trade deal with top U.S. trading partner

Asian shares made fractional gains on Monday while the dollar dithered as confusion over U.S. trade policy showed little sign of easing, in a week packed with major economic data and mega-tech earnings.

The dollar barely recouped its heavy losses on Tuesday as investors were no clearer on whether a de-escalation of the Sino-U.S. trade war was underway with Treasury Secretary Scott Bessent suggesting the onus was on China to start negotiations.

The U.S. Dollar dropped on Monday as traders tried to digest the persistent uncertainties in trade talks between Washington and Beijing.  The greenback was last down 0.25% to $99.45 as comments from Treasury Secretary Scott Bessent added to doubts regarding U.