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Dollar stability and anticipation of trade negotiations and job report

2019-04-05 09:39 am | Resource: NEWS | No Views : 162

Dollar stability and anticipation of trade negotiations and job report

The dollar traded against major currencies on Friday amid optimism about the progress of trade negotiations between China and the United States.

The monthly US jobs report, which will be released later today, is expected to add 177,000 jobs in March.

Trump: Deal with China is not yet ready

US President Donald Trump said during a meeting with Chinese Vice Premier Liu He that the trade deal with Beijing "is not yet ready." The US president said the agreement would be announced in the next four weeks, "perhaps more or less," adding that there was no "very far" way forward in the negotiations.

Trump stressed progress in the talks was "at a rapid pace" and that the deal had a "good chance" to do so. "If no agreement is reached, it will be difficult for us to allow China to trade with the United States." Trump pointed out that the issue of IP theft and "specific" tariffs still needed to be resolved, some of which would be discussed later in the day.

Xi calls in a letter to Trump to expedite the agreement

On the other side of the ocean, Chinese President Xi Jinping told his US counterpart Donald Trump in a speech delivered by Chinese Vice Premier Liu He: "I hope the economic and trade teams of both countries can conclude negotiations on the text as soon as possible." The deal must be based on the principle of "respect and mutual benefit".

Xi expressed the hope that relations between Beijing and Washington will continue to develop in a "healthy and stable" way, noting that such a course is in the interest of both Chinese and Americans. To do so, the Chinese leader noted, "strategic leadership is needed."

Dollar trading against currencies
  • The dollar index was steady at 97.26 at 11:30 am.
  • The dollar traded against the euro at $ 1.1226.
  • The greenback rose against the yen at 111.7 yen.
  • The pound also rose to 1.3088 against the dollar.


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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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