“¢  A modest recovery attempt, led by US ISM PMI and FOMC minutes, quickly runs out of steam.   “¢  Escalating US-China trade war fears exerts some fresh downward pressure on Friday.   “¢  Investors focus shifts to the keenly watched US monthly jobs data for some fresh impetus. The greenback, as measured by the US Dollar Index held on the back-foot and is currently placed near the 94.00 mark, within striking distance of over one-week lows touched yesterday. Thursday’s release of upbeat US ISM non-manufacturing PMI and the latest FOMC meeting minutes, reinforcing prospects of gradual monetary policy tightening, did provide a minor lift to the buck. The uptick quickly ran out of steam amid the ongoing trade spat between the world’s two largest economies. The US imposed tariffs on $34 billion of Chinese imports and China retaliated by applying tariffs to the same value of US goods at the same rate.  The US President Donald Trump has already warned to impose an additional $500 billion tariffs if China opts for retaliatory measures and escalating risk of a potential full-blown trade war kept the USD bulls on the defensive.  Investors now turn their attention to the closely-watched US monthly jobs report (NFP), due later in the day, for some fresh impetus, albeit the post-data momentum is likely to be restrained by persistent trade tensions. Technical levels to watch A follow-through weakness below the 94.00-93.95 region now seems to pave the way for an extension of the weakening trend further towards the 93.60-55 support area. On the flip side, any meaningful bounce back above 94.20 level is likely to confront resistance near the 94.40-45 region, which if cleared might assist the index to aim back towards conquering the key 95.00 psychological mark.  FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NEO price analysis: NEO/USD reverses gains, Chinese crypto whale slams NEO as stupid project FX Street 4 years   "¢  A modest recovery attempt, led by US ISM PMI and FOMC minutes, quickly runs out of steam.   "¢  Escalating US-China trade war fears exerts some fresh downward pressure on Friday.   "¢  Investors focus shifts to the keenly watched US monthly jobs data for some fresh impetus. The greenback, as measured by the US Dollar Index held on the back-foot and is currently placed near the 94.00 mark, within striking distance of over one-week lows touched yesterday. Thursday's release of upbeat US ISM non-manufacturing PMI and the latest FOMC meeting minutes, reinforcing prospects of… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.