US Dollar retreats slightly ahead of Nonfarm Payrolls release .The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is seeing some rejection and heads back to 99.75 at the time of writing on Friday after a false break above the 100-marker. The Greenback is softening a touch on the back of headlines that China is considering to start tariff negotiations with the Trump administration.
Rupee pares initial gains, settles 1 paisa higher at 84.53 against US dollar.The rupee on Friday hit a seven-month high and rose past the 84 per dollar level on sustained foreign fund inflows and stronger domestic data, but pared the gains and settled for the day higher by just 1 paisa at 84.53 against the greenback.
US reluctant to exempt Japan from 10% reciprocal tariff - Kyodo.Well, this is not going well... The problem here is that US might want to keep 10% for everyone and sell it as good news, which the market might even like, but the Japanese are not budging on it.