Equity markets around the world slid lower today after US President Donald Trump warned that he could slap another USD 100 billion of extra tariffs on China's imports, fanning fresh fears of a full-blown trade war between the two superpowers, dealers said.
Data showing a major drop in job creation in the United States and no spike in wage growth hit the dollar, however, as it lessened expectations the Fed will rush to hike interest rates.
Trump ratcheted up on Thursday the rhetoric against China, saying he had instructed his trade officials to "consider whether USD 100 billion of additional tariffs would be appropriate."
Market analyst Craig Erlam at Oanda said that traders "were clearly unmoved by what they saw, despite the NFP number being well below expectations."
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