The U.S. dollar steadied 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 dollar was rising as concerns over the Federal Reserve's independence and a U.S.-China trade war ease following remarks from President Trump, Commerzbank's Michael Pfister said in a note. Trump on

A flight from U.S. financial assets prompted by President Trump’s trade war is subsiding as the White House appears increasingly keen to strike a new trade deal with top U.S. trading partner