The dollar crept higher on Thursday as forex investors were cautious ahead of a two-day meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping. The meeting could infact have geopolitical ramifications.
Trump is under pressure to concede trade concessions with China to compromise and prevent a crisis with North Korea from running out of control. However, White House officials don't have high hopes on the outcome of the meeting.
The latest FOMC minutes, released on Wednesday, increased investor concern on the dollar, as they hardly altered the view of a slow pace of U.S. interest rate rises this year.
The dollar index was up 0.11 percent at 100.67. USD/JPY was up almost half a percentage point at 111.14.
EUR/USD slipped to 1.0650, but bounced back from losses which took it to a three-week low following European Central Bank President Mario Draghi's comments saying he saw no need for now to deviate from the ECB's policy path