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By XE Market Analysis
The dollar traded lower versus major currencies in N.Y. on Wednesday, initially falling on the back of cooler U.S. PPI numbers, then dropping further as reports circulated that the U.S. and China would restart stalled trade talks in the next few weeks. The news saw the Greenback lose some of its safe-haven appeal. Risk-sensitive USD-JPY initially rallied on the trade news, though later fell to 111.12 lows from its bounce over 111.45. EUR-USD topped at 1.1649, up from opening lows near 1.1575. USD-CAD fell to two-week lows of 1.2981 on higher oil prices and encouraging signs on NAFTA negotiations. Cable peaked near 1.3070 after opening at 1.2990.
