Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Forex - U.S. Dollar Flat Ahead of Employment Data, Sino-U.S. Trade Talks 

Published 10/04/2019, 01:20 AM
Updated 10/04/2019, 01:21 AM
© Reuters.

Investing.com - The U.S. dollar was little changed on Friday in Asia ahead of the release of non-farm payroll data, due later today, and a new round of Sino-U.S. trade talks next week.

The U.S. Dollar Index traded 0.01% higher to 98.553 by 1:19 AM ET (05:19 GMT).

Data on Wednesday showed that U.S. private sector hiring cooled in September, the latest indication that the trade dispute between Washington and Beijing is hurting the world's largest economy.

That added to fears sparked on Tuesday when a report showed U.S. factory activity contracted to its lowest level in more than a decade.

Traders look ahead to the key monthly American non-farm payrolls data due later in the day. Subsequent comments from Federal Reserve Chairman Jerome Powell is also expected to generate some attention.

Sino-U.S. trade developments are expected to be in focus, as U.S. President Donald Trump said overnight that a delegation from China would go to Washington next week for more trade talks.

"China's coming in next week. We're going to have a meeting with them. We'll see. But we're doing very well," Trump said before leaving on a trip to Florida.

"I have a lot of options on China. But if they don't do what we want, we have tremendous power," he added.

The safe-haven yen inched up against the U.S. dollar as stock markets in Asia traded lower. The USD/JPY pair last traded at 106.81, down 0.1%.

The AUD/USD pair and the NZD/USD pair gained 0.2% and 0.4% respectively.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.