US dollar struggles near 4-month low amid growth concern; jobs data in spotlight - News Summed Up

US dollar struggles near 4-month low amid growth concern; jobs data in spotlight


REUTERS/Dado Ruvic/Illustration/File PhotoFILE PHOTO: US One dollar banknotes are seen in front of displayed stock graph in this illustration taken, Feb 8, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoThe US dollar wallowed near a four-month low on Friday as ever-shifting tariff policies fanned uncertainty and increased concern about growth prospects for the world's largest economy, leaving investors grasping for jobs data due later in the day. Against the Swiss franc, the dollar dropped to a three-month low of 0.8820 franc CHF=EBS in early trade. The greenback also lost some ground against the Canadian dollar CAD=D3 and Mexican peso MXN= following the announcement. WAGE HIKESThe US dollar index =USD, which measures the greenback against six major rivals, fell 0.05% to 104.15.


Source: bd News24 March 07, 2025 04:30 UTC



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