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USD up payrolls get a bump, China trade negotiations back on


Friday, 6 September 2019 10:31 WIB

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The U.S. dollar was marginally higher Friday morning in Asia following a surprise increase in payrolls in the U.S. and positive signs in the trade negotiations between the U.S. and China.

The US Dollar Index that tracks the greenback against a basket of currencies was up 0.02% to 98.44 by 10:01 PM ET (02:01 GMT). 

After a difficult weekend that saw tariffs take effect both in China and the U.S., officials from both sides suggested that negotiations would kick off again in October.

The People’s Bank of China (PBoC) set the reference rate for the yuan at 7.0855, compared to Thursday’s fix of 7.0852.

The dollar was helped along by new data showing that private payrolls grew by 195,000 in August, higher than the expected 140,000 bump expected by economists surveyed by Dow Jones.

Source: Investing.com


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