The dollar index pared early losses to trade around 98.6 on Wednesday, as investors assessed President Trump’s speech at the World Economic Forum in Davos. The president reiterated his bid to acquire Greenland, stating that he was “seeking immediate negotiations to once again discuss the acquisition of Greenland by the US,” while ruling out the use of force. Meanwhile, concerns over a renewed trade war between the US and Europe persisted, with European lawmakers suspending approval of the trade agreement reached between the EU and the US in July. The dollar has remained under pressure this week, as fresh tariff threats against Europe and President Trump’s renewed push to acquire Greenland have revived the so-called “Sell America” trade.