The dollar wobbled in Asian Market opening trades today in a turbulent week that saw investor relief at the U.S.-China tariff truce give way to a cautious mood amid uncertainty over the shape of various trade deals, while the South Korean won steadied after sharp moves. A recent report from Bloomberg that Washington is not negotiating for a weaker dollar as part of tariff talks helped calm the currency markets. Still, concerns that the U.S. administration could push for a weaker dollar is likely to keep investors wary. The sudden lurch in the won was reminiscent of an unprecedented two-day surge in Taiwan\'s currency at the start of May, which coincided with the end of U.S.-Taiwan trade talks in Washington that fuelled speculation of an agreement to weaken the greenback in return for trade concessions. While the dollar has clawed back some of its recent losses against the euro, pound and the yen that were driven by concerns over Trump\'s economic policies, it has slipped against most of the emerging market currencies. The Japanese yen strengthened a bit to 146.25 per dollar but remained close to the one-month low of 148.65 touched earlier this week. The dollar index, which measures the U.S. unit against six other currencies, was steady at 100.87. The Indian rupee opened weaker with a huge gap of almost 25 paise at 85.52/53 against its previous session’s close of 85.27/28 and is expected to trade between 85.30 - 85.80 band today.
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