The change in the direction of the US dollar currency in different sessions still shows that market uncertainty continues to affect investor mood.
The US dollar weakened in the Asian session yesterday, Thursday morning, began to show strengthening in the European session following the opening of the New York session, but weakened again towards the close of the session.
Concerns are still directed at the development of global tariffs as President Donald Trump announced the extension of the 90-day grace period that ended on July 9 (Wednesday), to August 1.
Countries facing the threat of new tariffs, especially Japan and South Korea, still have time to reach a negotiation agreement with the United States (US).
Earlier this week, Trump sent a tariff notification letter to a group of countries for notification of changes in tariff rates from those announced in April.
Malaysia was also no exception to the notification, with the new tariff rate for Malaysia increasing to 25%.
As for the focus on economic data, the weekly report on US jobless claims recorded a decline to 227,000, supporting positive sentiment for the labor sector.
On Friday, UK economic growth data will be the focus at the opening of the European session while in the New York session to close the trading week, the Canadian jobs report will be released.
