· The dollar held near a three-week low on Friday against its rivals, while relatively high-yielding currencies such as the Australian dollar came under selling pressure as investors cut risky bets before an event-packed week.
Against a basket of its rivals, the dollar edged 0.1 percent higher at 93.542 .DXY but remained well within reach of a three-week low of 93.213 hit in the previous session.
The euro was broadly flat at $1.1778 EUR=EBS after rising to a three-week high of $1.1840 overnight.
It was up more than 1 percent on the week and was set to post its biggest weekly gain since mid-February.
· All eyes will be on the US Federal Reserve monetary policy meeting commencing on Tuesday. US inflation data will also be keenly observed. Monthly sales, production and investment data feature in China.
· U.S. President Donald Trump will deploy a mix of charm and pressure to coax North Korean leader Kim Jong Un into a deal to give up nuclear weapons, trusting his gut instinct over briefing books in his ability to strike an accord, aides and former administration officials said.
· China maintained solid export growth of 12.6 percent in May, slightly slower than in April, but still providing good news for Beijing’s policymakers as they deal with tough trade negotiations with Washington.
Imports also rose more than anticipated in May and at the fastest pace since January, with the data coming at a time when China has pledged to its trade partners - including the United States - that steps would be taken to increase imports.
· Oil prices fell on Friday, reversing early gains as signs of weakening demand in China and surging U.S. output weighed on markets despite support from supply woes in Venezuela and OPEC’s production cuts.
Brent crude futures LCOc1, the international benchmark for oil prices, were at $76.79 per barrel at 0654 GMT, down 53 cents, or 0.7 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 38 cents, or 0.6 percent, at $65.57 a barrel.
Reference: Reuters, CNBC
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