The US dollar is again moving weakly to continue trading into the end of the week as investors are still facing an uncertain market environment.
Since returning to a decline in value in the New York session last Tuesday, the US dollar continued to decline throughout trading yesterday Wednesday until continuing into the Asian session this morning (Thursday).
The tension of the trade war between the United States (US) and China is still enveloping the market, which is wary if developments worsen.
Retaliation may follow after President Donald Trump threatened to impose an additional 100% tariff following dissatisfaction with China's move to limit rare earth exports.
In addition, investors are also looking for additional clues ahead of the FOMC meeting at the end of October, although some data have been delayed due to the government shutdown in the US.
Fed Chairman Jerome Powell's speech was the focus this week, which signaled that the central bank is still open to further interest rate cuts.
According to Powell, the lack of published data is not an obstacle for the central bank to assess economic projections.
Most major currencies performed positively, taking advantage of the current weakness of the US dollar.
However, the Australian dollar fell in the Asian session this morning after the jobs report was published with a 'red' reading.
In addition to the weaker-than-expected job growth, the unemployment rate in Australia in September jumped to 4.5%, the highest level in 4 years.
The UK economic growth report will be the focus in the European session which will influence the movement of the Pound.
