DJIA39807.37
LIVE47.29(0.12%)
NDX18254.69
LIVE-26.15(-0.14%)

U.S. Dollar Falls After Jobs Report Fails to Diminish Fed Cut Expectations


Friday, 2 August 2019 23:03 WIB

DOLLAR Indeks DolarDolar AS


The U.S. dollar fell after the jobs report failed to diminish expectations of the Federal Reserve cutting rates next month.

The U.S. economy added just 164,000 jobs in July, compared to 193,000 in June, while job creation was as expected and the unemployment rate held steady near 50-year lows.

Trade tensions continued to weigh on investors, with demand for more traditional safe-haven assets rising after U.S. President Donald Trump threatened another 10% of tariffs on $300 billion worth of Chinese goods, which would put tariffs on all U.S. imports from China. Beijing warned on Friday it would retaliate.

The announcement was made just one day after the U.S. and China wrapped up trade discussions in Shanghai, and ended a trade truce the two countries struck in June.

The U.S. dollar index, which measures the greenback's strength against a basket of six major currencies, fell 0.2% to 97.975 by 10:37 AM ET (14:37 GMT).

The safe-haven Japanese yen was higher, with USD/JPY falling 0.7% to 106.59.

Source : Investing.com


RELATED NEWS

  • The dollar was slightly offered, heading for a second day of losses amid very thin flows as traders took to the sidelines ahead of a slew of policy-rate decisions due this week. The Bloomberg Dollar ...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.