The US dollar regained some strength following buying by Japanese institutional investors. Chuo Mitsui Trust and Banking forex dealer Yasuhisa Ishida said that other reasons for the firming of the dollar were that no surprise developments were expected on China's foreign exchange policy, and the belief that the upcoming G7 summit would refrain from discussing the widening trade imbalance between the US and China. The Chinese President is on a visit to the US currently. Forbes.com reports:

"In addition, although the dollar was sold recently due to fading expectations of continued interest rate hikes in the US given solid economic fundamentals and rising crude oil prices, I think there is the chance that US interest rates may rise beyond 5 pct," Ishida added.