The US dollar is mixed against major pairs on Tuesday. The Martin Luther King holiday in the States did not slow down the dollar back from a long weekend. the pound is higher on positive Brexit news or lack of negative ones and the Japanese yen awaits the Bank of Japan statement. Chinese data showed the second largest economy is losing momentum with only a 6.4 percent growth in the fourth quarter.

The Chinese indicators were partly offset by a growing optimism that a resolution to the US-China trade war is in the works along with an upcoming stimulus package in China to boost growth.

The Financial times and CNBC reported earlier that a trade meeting between China and the United States was canceled, but White House Trade Adviser Kudlow declared that there was no plan to meet.

The next meeting will be at the end of January when the China Vice Premier visits the US.