As the US-China trade war continues, the uncertainty will continue, and the more the markets calm down, US President Donald Trump returned to ignite it again, as he sent a request to the Treasury Department to consider imposing an extra tariffs of $ 100 billion on China, so the US dollar swings Between the ups and downs since the beginning of trading today. China's response was that it would not hesitate to respond to US actions to protect its interests.
With markets waiting for US employment data and expectations for further improvement that may support the US dollar, the wind came as ships do not crave. In March, the economy added just 103,000 jobs below market expectations. the positive number was February's reading which revised up to 326,000 jobs, Unemployment was worse than expected at 4.1%.
Wages were well in line with expectations, rising by 0.3% on a monthly basis and by 2.7% yoy.
The EURUSD rose significantly following the data from the daily low of 1.2214 to currently trade at 1.2270 levels, while the USDJPY fell from its daily high of 107.45 and currently at 107.23.
