Dollar rebounds against yen as White House eases on Fed, China trade

(Reuters) -- The U.S. dollar staged a rebound against its major peers on Wednesday on hopes of de-escalating trade tensions and as President Donald Trump backed away from threats to fire the head of the Federal Reserve, offering relief to investors.

The Trump administration would look at lowering tariffs on imported Chinese goods pending talks with Beijing, a source familiar with the matter said on Wednesday, adding that any action would not be made unilaterally. Hopes that the trade war would abate boosted the greenback against the euro and the Swiss franc.