Internet reports that the recent sell-off of the dollar has been suspended as investors weigh the latest trade developments in the United States and Federal Reserve Chairman Powell's remarks. Trump said trade talks with Japan had made "significant progress." Powell warned that tariffs could lead to higher inflation and said the Fed's obligation was to maintain "good stability" of long-term inflation expectations. Pepperstone strategist Michael Brown said the dollar still faces further decline due to the continued "general atmosphere of selling off the United States." However, the sharp depreciation of the US dollar in a short period of time may suspend the downward momentum.