Currencies: Dollar trades lower as China data spark appetite for risky assets

A rebound in Chinese economic data, along with signs progress toward a U.S.-China tariff negotiations, sparked appetite for assets perceived as risky on Monday, leaving the U.S. dollar slightly lower.

China’s Markit/Caixin manufacturing purchasing managers index rose to 50.8 in March, beating expectations of 49.8, and the prior month’s result of 49.9. Any number above 50 denotes an economic expansion. Global stocks rallied amid the upbeat economic news.

The ICE U.S. Dollar Index DXY, +0.03% was last little changed in negative territory at 97.256, after logging its best week since mid-January last week, according to FactSet data. In U.S.

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