Market News
Dollar poised for weekly loss, hurt by economic weakness and trade limbo - REUTERS
By Rae Wee and Johann M Cherian
Summary
- Dollar close to 1-1/2 month low
- Currencies on guard ahead of Friday's U.S. jobs data
- ECB's hawkish tone keeps euro supported
June 6 (Reuters) - The dollar was headed for a weekly loss on Friday, undermined by signs of fragility in the U.S. economy and little progress on trade negotiations between Washington and its partners, ahead of a critical jobs report.
The U.S. nonfarm payrolls report expected later on will draw greater scrutiny after a slew of weaker-than-expected economic data this week underscored that President Donald Trump's tariffs were taking a toll on the economy.
