The US dollar fell against most major rivals on Thursday amid growing uncertainty about the trade war between the US and China.

The US administration said its considering a drop in China tariffs from 145% currently to 50%, boosting most assets.

Trump stated on Tuesday that current tariffs on Chinese imports are too high and wont stay long this way, but wont fall to zero.

Trump stated that hes talking daily with the Chinese side to reach a deal, but China asserted there are no talks taking place currently with the US before removing unilateral tariffs.

Otherwise, earlier data showed US unemployment claims rose to 222 thousand in the week ending April 19, matching estimates and up from 216 thousand in the previous reading.

On trading, the dollar index fell 0.4% as of 16:11 GMT to 99.5, with a session-high at 99.8, and a low at 99.2.

Aussie

The Australian dollar rose 0.6% against its US counterpart as of 16:22 GMT to 0.6398.

Loonie

The Canadian dollar fell 0.1% against the US dollar to 0.7198.

Do you need help in trading decisions? Do you want to learn how to start trading?

Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:

Full coverage of commodities such as gold, oil, silver, and more Full coverage of all major forex currency pairs Full coverage of key global indices and stocks Full coverage of major cryptocurrencies and meme coins Accurate analysis and daily updated price forecasts Exclusive and breaking news Reliable trading ranges for effective risk management Comprehensive educational materials, competitions and prizes! Innovative tools to enhance your trading performance Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.

Join Economies.com VIP Club