The US dollar index has not had much direction over the few last hours, but at this moment, it is falling 0.18 percent. Apparently, China has requested an extension of trade talks with the US beyond the March 1st deadline.
Furthermore, according to Bloomberg, Trump is considering a 60-day extension to the China tariff deadline and talks in Beijing are "going along very well," Trump said. Steven Mnuchin and Trade rep Robert Lighthizer joined the discussions today, along with China's Vice Premier Liu He. Xi Jinping apparently will step in tomorrow. However, officials have not yet discussed specific language for a draft agreement. Rumors say that Trump has been advised by U.S. officials not to go to China to meet with Xi in case this jeopardizes what the U.S. perceives as a negotiating advantage. Nonetheless, China wants to proceed to direct talks with Trump, for fear that he might otherwise overturn agreements reached between the negotiators.
On the release side, the retail sales advance came in at -1.2 percent when the forecast was 0.1 percent. This pushed the US dollar lower in the last few minutes, especially against the Euro.