Global Themes

USD weakens as Fed notes trade fears; US jobs tonight

The US dollar was weaker overnight after the US Federal Reserve noted growing fears about the potential US-China trade war.

In their minutes released overnight, the Fed remained upbeat about the US economy, but warned that trade and tariffs could derail economic growth.

Euro higher

The USDSGD was slightly lower as the pair dropped 0.1%.

The euro gained after a stronger result from German factory orders. The EURSGD climbed 0.3% as it neared three-month highs.

The Japanese yen and Swiss franc both fell with both markets nearing one-month lows.

US jobs

The big event in markets today will be the all-important US non-farm payrolls.

The market is looking for 195k new jobs after last month’s 213k.

The results are due at 8.30pm.

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