GBP/USD: Dollar Steady Amid US - China Trade Developments

The Euro USD Dollar (EUR/USD) exchange rate is edging lower, on its sixth straight day of losses. The pair is hovering around US$1.1800 trading in and out of positive territory.

Investors are digesting mixed German trade data as German exports rose a solid 4.7%  mom in July, boosting optimism that GDP will rebound. However, imports increased just 1.1%, raising some concerns over domestic demand.

The US Dollar is holding steady ahead of the US market open, post the Labor Day public holiday. With no high impacting data due for release the US Dollar could be sentiment driven.