US dollar is trading lower in anticipation of the employment report for October. Its underperformance is a result of lowered risks regarding a US-China trade dispute following remarks offered by the US President Donald Trump. He has reportedly asked officials to draft terms of a potential trade agreement Trump and Xi might strike when they meet in Argentina later this month. Note that US wage growth is expected to have accelerated to 3.1% in annual terms mainly reflecting favourable statistical effects. If so, it would be the first rise above a 3% threshold since 2009. The euro is trading 0.33% higher against the dollar in less than two hours before the NFP report.
This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".
