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Dollar steady against peers; China trade data in focus

“The main focus on Friday is on China’s trade data, which is due about 0200 GMT and comes ahead of its second-quarter gross domestic product data on Monday” writes unknown author for cnbc.com. The dollar index against a basket of major currencies held gains made since early this week on Friday, changing hands at 94.867.The dollar held firm near a 10-day high on Friday boosted by expectations U.S. inflation will pick up, although concerns about an escalation in U.S.-China trade tensions limited the greenback’s gains.The dollar hit a fresh six-month high against the yen of 112.71 early on Friday, gaining 0.2 percent.
 
Source: cnbc.com



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