The dollar index started this week at the last level at which it ended last week. It exceeded the level of 104 against the basket of major currencies, and it is now stable, tending towards decline, and thus we find it around the highest level since June.
On Friday, indicators of the US jobs report for August were released, as the unemployment rate rose to 3.8%, and the high unemployment rate harms the economy, and average hourly wages fell on a monthly basis to 0.2%, but the change in jobs outside the agricultural sector increased, as job opportunities became available. By 187 thousand jobs.
At the end of the week, the indicators of the New York session also varied after that. The Dow Jones Industrial Average rose by 115 points, and the Standard & Poor’s 500 index closed up by only 8 points, while the Nasdaq technology index tended to stabilize, and after the release of job indicators, the markets tended more to… The possibility of interest rates remaining unchanged at the next Federal Reserve meeting, which will be held on the 20th of this month.
On the other hand, Chinese Ministry of Commerce spokesman Xu Gueting said in a press conference that the United States and China need stability in trade transactions, with the return of talks between the two countries, as this strengthens the strength of trade relations and reduces the severity of problems and misunderstandings between the two sides.
The American and Chinese presidents met in November last year in Indonesia, and the talks between Joe Biden and Xi Jinping laid the foundation for upcoming mutual visits to alleviate the misunderstanding that broke out between them during the presidency of Donald Trump, the former US president. This improvement in relations supports the optimistic vision in the field of investment and trade after increasing fears of the impact of these disputes on the global economy.
