Strong U.S. jobs data supports dollar as market looks to U.S.-China trade deal

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The dollar held firm on Monday after data showed surprise strength in the U.S. j...

TOKYO - The dollar held firm on Monday after data showed surprise strength in the U.S. jobs market, but the currency was restrained from moving higher by worries about an escalation in the U.S.-China trade war.

Those figures suggested the Trump administration’s 17-month trade war with China, which has plunged manufacturing into recession, has not yet spilled over to the broader U.S. economy. “Markets are sensing that both sides want to avoid a collapse of their negotiation, judging from various news headlines,” said Kazushige Kaida, chief of forex at State Street. “So the main scenario is for the dollar/yen to test mid-109 yen levels.”

 

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Funny how when le 'economy' is suppose to do well wages still remain stagnant, it is as if le economy buzzword only means the rich get bigger profits while nobody else gets anykind of improvement xD

[Mar 8:36 NIV] 36 What good is it for someone to gain the whole world, yet forfeit their soul?

Plenty of jobs,they just don't pay shit.

What about the debt?

THE 2020 JUST WENT UP IN VALUE!!! I LOVE US CURRENCY!!! LOL

I'm really tired of these endless 'deals'

why are they all rolled up?

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