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Investing.com - The dollar is stable to a two-week high against the other major currencies on Tuesday, are reduced expectations of an imminent rise in US interest rates, while the disappointing Chinese trade data weigh on sentiment.The dollar weakened after the words of the Governor of the Federal Reserve Lael Brainard who has scaled back expectations of a rise in short-term rates, stating that although the global financial markets have stabilized in recent weeks, weakening growth in China and the drop in world demand still pose a threat to the economy.USD / JPY down 0.42% to 112.97.The yen, a traditional haven currency, was encouraged by official data this morning which showed that Chinese exports plunged by 25.4% over the previous year to 121.6 billion dollars in February. Economists had expected a decline of 12.5%.Imports plummeted by 13.8% on an annual basis, compared to the fall of 18.8% in January.The sharp decline in exports was partly due to the Chinese New Year, which this year was celebrated first in February, but has fueled fears for the reduction in global demand.Still this morning, the data showed that the Japanese economy saw a 1.1% contraction in the last quarter of 2015, less than 1.4% initially estimated.EUR / USD rises 0.08% to 1.1023.The euro remains under pressure while increasing expectations of further stimulus measures at the conclusion of the summit of the European Central Bank Thursday.The dollar rises against the pound, with GBP / USD down 0.40% to 1.4207, and down against the Swiss franc, with USD / CHF shedding 0.40% to 0.9933.This morning, the Governor of the Bank of England Mark Carney reiterated that the British central bank will not take position on the referendum scheduled for June 23 in which the country will decide whether or not to remain in the European Union.The Australian dollar and the New Zealand are falling, with AUD / USD down 0.20% to 0.7453 and the exchange rate NZD / USD down 0.54% to 0.6765.The Australian National Bank this morning said that the index business confidence remained unchanged at 3 in February and that the January reading was revised from a previous estimate of 2.USD / CAD rises 0.36% to 1.3328.
