Dollar index eases amid good pick up in risk appetite

The US dollar index consolidated just above 98 mark after hitting around one-week high earlier this week. Market remained fully focused on the upcoming US nonfarm payrolls data and dollar index currently quotes at 98.08, down 0.23% on the day. Risk appetite is holding steady today as Asia equities advanced after US President Donald Trump signed an executive order Thursday formalizing a lower Japanese auto import tariff of 15%, down from 27.5%. The order also confirmed the agreement for $550 billion of Japanese investments in US projects. In overnight moves, the US stocks moved notably higher with S&P 500 closing at a new record high.

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