USD stable as US-China talks yield limited trade framework

The dollar index remained largely unchanged at 105.20 during early European hours, showing minimal movement following two days of US-China trade discussions. Chinese Vice Commerce Minister Li Chenggang characterized the talks as rational and candid, while US officials indicated a preliminary framework agreement was reached, pending approval for implementation. The lack of concrete details or breakthrough announcements has left forex markets in a holding pattern, with USD pairs trading within tight ranges. EUR/USD hovers near 1.0750, while USD/JPY consolidates around 156.50. The measured response reflects trader caution, as previous trade negotiations have often yielded limited lasting impact. Near-term dollar direction will likely depend on upcoming US economic data releases and any follow-through on the trade framework. Technical indicators suggest continued range-bound trading for major USD pairs absent significant catalysts.