Market News
Frail dollar set to snap 4-week winning streak on US fiscal health worries - REUTERS
Summary
- Safe-haven demand lifts euro, yen and swiss franc
- Dollar remains under pressure as fiscal outlook fears grow
- Trump's tax bill heads to Senate
- Treasuries steady after a brutal selloff this week
SINGAPORE, May 23 (Reuters) - The U.S. dollar was weaker on Friday, poised to make its first weekly drop in five weeks against the euro and the yen as worries over the United States' worsening fiscal health sent investors scurrying for safe havens.
After Moody's last week downgraded its U.S. debt ratings, investor attention this week has honed in on the country's $36 trillion debt pile and U.S. President Donald Trump's tax bill that could add trillions of dollars more to it.
