Tuesday, 20 August 2019
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Dollar dips ahead of jobs report
Friday, 3 August 2018 19:33 WIB | CURRENCIES | Indeks DolarDolar ASIndeks Dollar WSJ

The U.S. dollar tumbled into negative territory during early morning trading in New York, ahead of the U.S. jobs report for July, the latest monthly iteration of this most closely watched economic indicator.

Dollar traders are watching the data closely, after the highly anticipated second-quarter GDP print disappointed markets last week Friday. Despite growing 4.1% between April and June, investors had hoped for an even faster rate of economic expansion, leaving them underwhelmed with the result and the dollar selling off.

There are some worries that the same could happen after Friday's jobs report, which is due at 8:30 a.m. Eastern time. Economists polled by MarketWatch expect 195,000 positions to have been added to U.S. nonfarm payrolls and a slightly lower unemployment rate of 3.9%, down from 4%.

The ICE U.S. Dollar Index was down 0.2% at 95.003, on track for a modest 0.3% gain this week. The broader WSJ Dollar Index was down 0.2% at 88.67.

Otherwise, trade tensions are at the center of attention. Earlier in the week, it was reported that the U.S. could up to 25% the previously proposed 10% tariff on some $200 billion in Chinese goods.

Source : Marketwatch

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