TOKYO: The dollar was largely steady against other major currencies on Tuesday, but investor appetite for risk was kept in check after US President Donald Trump renewed his tariff threats towards China.Financial markets over the last year have been gripped by fears of escalating trade tensions between the world's two largest economies, stoking worries over the outlook for global growth.Against a basket of six peers, the dollar edged up 0.02 per cent to 96.781, having ended the previous session with a 0.2 per cent gain.Appetite for risk remained subdued as investors waited for confirmation of a possible meeting between Trump and China's president at the Group of 20 summit near the end of the month, analysts said.Trump said on Monday he was ready to impose another round of tariffs on Chinese imports if he does not reach a trade deal with President Xi Jinping at the June 28-29 summit in Osaka.Since two days of talks to settle the US-China trade dispute last month in Washington ended in a stalemate, the US president has repeatedly said he expected to meet Xi at the G20 gathering. China has not confirmed any such meeting. "It might not happen if the Chinese side thinks there isn't any point in having a meeting if the opinions are far apart from the start," said Yukio Ishizuki, senior currency strategist at Daiwa Securities. "Trump has been applying pressure by emphasising there'll surely be a meeting, but it isn't clear what the Chinese side will do. "In offshore trade, the Chinese yuan was last up 0.2 per cent at 6.9310 yuan per dollar, reversing an earlier loss.

Source: Economic Times June 11, 2019 01:52 UTC