The dollar was struggling for direction as investors awaited comments from Federal Reserve Chair Jerome Powell later in the session.
Powell is due to speak at the National Association for Business Economics annual meeting in Philadelphia. Investors will be listening for any hints on the pace of expected interest-rate cuts after the Fed resumed lowering rates in September. It comes as the U.S. government remains in shutdown, delaying the release of official data that the Fed relies on for policy decisions.
Investors are also monitoring U.S.-China trade relations after President Donald Trump threatened fresh tariffs against China. The U.S. and China will start charging new port fees on each other’s ships Tuesday.
