The dollar has kept to a tight range against most major currencies this morning. This comes amid the latest US-China trade developments, in which President Trump has threatened to raise tariffs again and China has reportedly moved away from commitments made over the course of the negotiations.
On Friday, US Non-Farm Payrolls smashed expectations, increasing by 263,000 jobs, and the unemployment rate dropped to a more than 49-year low of 3.6 percent. This points to a healthier than expected economy.
Despite this, the dollar softened against most major currencies as traders focussed on weaker aspects of the report, such as wage growth, which was unchanged at 3.2%.
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