The u.s. dollar was little changed on Friday in Asia, prior to the publication of data NFP on non-agricultural employment, which is expected later in the day, and a new round of trade negotiations between china and the us next week.
The Dollar Index rose 0.01% to 98,553 at 11: 30am.
Data released Wednesday showed that hiring in the u.s. private sector has weakened in September, the latest indication that the trade dispute between Washington and Beijing overnight in the largest economy in the world.
This is in addition to the concerns that were raised on Tuesday by a report that showed that manufacturing activity in the U.s. contracted to its lowest level for more than 10 years.
Traders are turning to the monthly data on key non-farm employment for the u.s., expected later in the day. The subsequent comments of the president of the federal Reserve’s Jerome Powell, should also raise a bit of attention.
The commercial developments sino-us should be at the centre of concerns, the american president Donald Trump who said that night that a chinese delegation will travel to Washington next week for further business discussions.
“China will arrive next week. We are going to have a meeting with them. We’ll see. But we are very well,” said Trump before leaving for a trip to Florida.
“I have a lot of options on the China. But if they don’t do what we want, we have tremendous power”, he added.
The yen shelter rose slightly against the u.s. dollar, while asian stock markets were down. The USD/JPY pair has traded for the last time to 106,78, down 0.1%.