By Rae Wee

SINGAPORE (Reuters) -The dollar held steady on Tuesday as U.S. President Donald Trump’s watered down rhetoric against tariffs on China and a potential meeting with his Chinese counterpart raised hopes of de-escalation in tensions between the two economic heavyweights.

Currency markets were calmer in early Asian trade after a chaotic Friday session when Trump abruptly announced additional levies of 100% on China’s U.S.-bound exports, only to later sound more conciliatory over the weekend.

U.S. Treasury Secretary Scott Bessent also said on Monday that Trump remains on track to meet Chinese leader Xi Jinping in South Korea in late October.

All that breathed new life into the dollar, which in turn kept the euro below the $1.16 level to trade at $1.1566.

Sterling eased 0.06% to

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