US Dollar firms in a rebound from Thursday's trade ...Middle East

The dollar struggled in Thursday's US session even as stocks rallied and Treasury yields fell. It was a breakdown of the recent Buy America/Sell America correlation but today in Asia we're seeing signs that it's being re-asserted, albeit delayed.

One of the themes going into the weekend is likely to be optimism about a US trade deal announcement: Perhaps with India or more broadly. That should be a tailwind for the 'Buy America' trade, though stocks have been rallying on that for three days already.

There could also be some help from the stock market with S&P 500 futures up 0.4%, led by a 4.8% rise in shares of Alphabet following earnings.

This article was written by Adam Button at www.forexlive.com.

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