Dollar Steady After Us Tariffs Kick In Chinas Response Us Jobs Data Eyed

16

LONDON – The dollar fell on Friday as U.S. tariffs on Chinese imports took effect, but a muted reaction in currency markets suggested the escalation had largely been priced in by investors focusing on a U.S. jobs report due later in the day.

The latest salvo in a trade conflict between the world’s biggest economic powers were fired on Friday when U.S. tariffs on $34 billion worth of Chinese goods came into effect.

Markets were looking for any retaliatory measures China might employ – Beijing said on Friday it had no choice but to fight back on trade – and the volatility that could cause.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.