Some Chinese exporters are speeding up conversion of their dollar income into yuan on bets the worst of the tariff-led loss in the local currency may be over.

A flight from U.S. financial assets prompted by President Trump’s trade war is subsiding as the White House appears increasingly keen to strike a new trade deal with top U.S. trading partner

By Wayne Cole SYDNEY (Reuters) -Asian shares made fractional gains on Monday while the dollar dithered as confusion over U.S. trade policy showed little sign of easing, in a week packed with major economic data and mega-tech earnings.

The dollar barely recouped its heavy losses on Tuesday as investors were no clearer on whether a de-escalation of the Sino-U.S. trade war was underway with Treasury Secretary Scott Bessent suggesting the onus was on China to start negotiations.

Wells Fargo noted that the recent atypical selloff of the U.S. dollar is likely a temporary occurrence. Analysts believe that the current shift away from U.S. assets should only be transitory, as the shift is tactical rather than a fundamental reassessment.