Currency – The dollar is advancing against the yen


© Reuters. The dollar is advancing against the yen

Investing.com – The dollar rose against the yen on Monday, but gains were limited by persistent concerns about trade tensions between the United States and China and after the report of jobs american lower-than-expected on Friday.

The USD / JPY was up 0.17% to 107,10 at 03:14 AM (07:14 GMT), after ending Friday’s session down 0.42%.

The dollar collapsed on Friday while fears about the prospect of a trade war between the two biggest economies in the world and the employment data was disappointing, weighed.

The yen tends to be sought after by investors in times of uncertainty, political or economic.

China said Friday that it was ready to respond “with force” if the american president Donald Trump had followed through on a threat to impose $ 100 billion of additional duties on imports.

Concerns that the policies of protectionist trade could lead to a real trade war have fuelled fears about the impact on the global economy and u.s. growth, but investors hope that the negotiations will lead to a compromise.

The dollar index, which measures the greenback’s strength versus a weighted basket based on the trade of six major currencies, edged up 0.1% to settle at 89,92.

The dollar showed little reaction as a result of reports of a missile attack americans assumed an air base syrian majeure. Washington has denied it had launched air strikes against the country.

The EUR/USD declines 0.11% to 1,2268, which is located above the lowest of the month of 1,2215, preceded by data on Friday on the jobs in the United States.

The ministry of Labour has reported that the u.s. economy added the fewest jobs in six months in march, but growth in wages has slightly increased, indicating that the labour market continues to tighten.

The data did little to change the outlook of the monetary policy. The federal Reserve has increased interest rates last month and has planned two further rate increases this year.

The british pound remained practically unchanged against the dollar, with the GBP / USD to 1.4096.

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