The US Dollar stable as trade woes hit Asia

On Wednesday, the USD remained stable in Asia during the morning trade after Trump raised doubts that the US would sign a trade deal with China before the end of 2020.

"In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now, and we will see whether or not the deal is going to be right," Trump said.

He added that he did not have a deadline for the deal, and the election will be held in Nov 2020.

The comments followed after the US decided to revive tariffs on Aluminium and steel imports from Argentina and Brazil. The decision made worse the tension that already existed in the global trade.

The US Dollar Index Futures was down 0.01% to 97.72 by 02:20 GMT.

In China, the People's Bank of China (PBOC) set its reference rate for the yuan at 7.0282 compared to 7.0223 on Tuesday.

The USD/JPY pair gave up 0.04% to 108.58. 

The yen has been strengthening against the dollar this week.

The AUD/USD pair gave up 0.17% to 0.6835. 

The NZD/USD was down 0.08% to 0.6514.

European currencies were mixed. The GBP/USD pair was trading up 0.05% to 1.2999.

An election set for Dec.12 could determine the future of Brexit. The EUR/USD was flat, trading at 1.1080.