fx strategy: But as far as the impact of fundamentals on the FX space is concerned, today was a day of neither rhyme nor reason.' Put differently, there is no fundamental story per se behind USD strength, according to Market Watch. The next test for the dollar comes early on Friday with the release of the March employment report. The ICE U.S. Dollar Index, DXY, 0.07% a measure of the currency against six of its nearest trading rivals, was trading at 97.303, up 0.2%. The broad value of the USD is currently trading up 0.14% towards the end of the London morning, wrote Stephen Gallo, European head of FX Strategy at BMO Capital Markets. Economists polled by Market Watch are expecting 179,000 jobs to be added and the unemployment rate to remain steady at 3.8%. There are good reasons to expect a rebound. In trade news, The Wall Street Journal reported that the White House may announce plans for a summit between President Donald Trump and China's President Xi Jinping, signaling that talks may be nearing a conclusion. If the numbers come in as anticipated, that would certainly suggest growth continues and that last month's weak report was an outlier, wrote Brad McMillan, CIO of Commonwealth Financial Network.
(news.financializer.com). As
reported in the news.
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