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Trade Optimism Supports Dollar Ahead of Jobs Report


Friday, 5 April 2019 15:33 WIB

DOLLAR YenDolar AS


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Optimism for a U.S.-China trade deal helped the dollar hit a three-week high against the yen on Friday, although moves in broader foreign exchange markets were limited as investors saw a lot of headlines but no conclusions out of the trade talks.

Xinhua reported that Chinese President Xi Jinping had said progress was being made in trade talks with Washington and called for an early conclusion of negotiations.

U.S. President Donald Trump said on Thursday a deal could be announced in about four weeks, but warned it would be difficult to let China trade with the United States if remaining issues were not resolved.

The dollar rose to a three-week high of 111.8 yen per dollar while holding firm against most other currencies. The offshore yuan also rose 0.2 percent to 6.7065.

Against a basket of currencies the dollar was flat, however, and the European session opened with most major currencies trading in tight ranges.

Source : Reuters


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