Foreign exchange – U.S. Greenback Decrease After Jobs Information


© Reuters.

Investing.com – The U.S. dollar was lower on Thursday as the arrest of a Huawei executive spooked investors and disappointing jobs data dampened sentiment.

The , which measures the greenback’s strength against a basket of six major currencies, fell 0.46% to 96.56 as of 10:35 AM ET (15:35 GMT).

Meng Wanzhou, the chief financial officer at the Chinese smartphone company Huawei on an an extradition request by the U.S, which had been investigating whether or not she violated sanctions against Iran.

The arrest happened just one week after President Donald Trump and his Chinese counterpart Xi Jinping agreed to a 90-day trade truce. Investors fear it could derail any potential trade talks between the two countries.

Market sentiment was also dampened by disappointing ADP (NASDAQ:) data and higher than expected .

The dollar was lower against the safe-heaven Japanese yen, with falling 0.78% to 112.30. In times of uncertainty, investors tend to invest in the Japanese yen, which is considered a safe asset during periods of risk aversion.

The pound was higher as the UK braces for a vote on the Brexit draft plan on Dec. 11. rose 0.48% to 1.2794.

The euro was also higher, with up 0.58% to 1.1408.

Elsewhere, slipped 0.06% to 0.6891 while was down 0.56% to 0.7227. The Canadian dollar was also lower, with rising 0.48% to 1.3418.

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