The trade agreement between the United States and China benefits currencies. The dollar and the euro remained stable against their main peers on Wednesday.

At the start of trading in Asia, the dollar was down 0.14% against the Japanese yen to 144.770, and slipped by 0.13% against the Swiss franc to trade at 0.8218. The euro was stable at $1.1427, while the Chinese offshore yuan was little changed at 7.1881 per dollar. The index that measures the dollar against six other currencies was little changed and was at 99.068

U.S. Commerce Secretary Howard Lutnick said that American and Chinese officials concluded closely attended talks in London that lasted two days and agreed to get back on track their trade truce concluded last month in Geneva.

The Fed is expected to keep rates unchanged next week, with traders expecting nearly two 25-basis-point cuts by the end of the year.

The British pound was slightly higher at $1.35 as markets awaited the public spending plans of British Finance Minister Rachel Reeves.

Australian and New Zealand dollars fell on Wednesday after the United States and China agreed on the framework of a deal to ease trade tensions, a result that markets had largely recognized after days of positive messages.

Aussie fell 0.2% to $0.6509, after gaining 0.4% overnight to $0.6533. If it holds above 65 cents, it will encounter resistance at $0.6538 and then at $0.6550

Kiwi fell 0.3% to $0.6033 after gaining 0.1% overnight.

The Indian rupee is expected to open without much change on Wednesday and maintain a tight range, as traders watch the Chinese yuan for clues amid Sino-American trade developments and keep an eye on flows. The 1-month undeliverable futures contract opened in the range 85.58-85.62, compared to closing at 85.6025 in the previous

The Chinese yuan remained stable against the dollar, as the highly anticipated Sino-American trade negotiations generated optimism but few details, keeping investors cautious. The yuan was little changed at 7.1872 at 02:53 GMT. The offshore yuan was trading at 7.1873 yuan to the dollar, up by

Elsewhere, the Hong Kong dollar fell to a new two-year low of 7.8494 per US dollar, continuing to hover near the weak end of its fluctuation band against the greenback.