The euro gains on Monday after registering its biggest weekly drop in nearly two months. Risk appetite gradually returned to global markets after a week of turmoil.

Bruising trade war between the world’s largest economies and jolting financial markets has been intensified.

Dollar climbs as lengthy Fed easing ruled out. In a widely expected move, the U.S. central bank cut rates by 25 basis points on Wednesday to shore up the economy.

In spite of low expectations for a breakthrough and combative remarks from U.S. President, China and USA resume trade talks.

Dollar halts before Federal Reserve meeting as traders avoided making big moves. Investors expect policymakers to cut interest rates for the first time since the financial crisis by 25 basis points.