The dollar traded near a three-week low versus the yen on Friday before a U.S. e...
TOKYO - The dollar traded near a three-week low versus the yen on Friday before a U.S. employment report expected to show a slowdown in job creation, highlighting concerns about the health of the world’s largest economy.
The U.S. Federal Reserve cut interest rates this week for the third time this year and indicated that further monetary easing is unlikely, citing several pockets of strength in the U.S. economy. The U.S. currency is on course for a 0.6% decline against the yen this week, which would be its biggest weekly loss since Oct. 4. The dollar index .DXY against a basket of six major currencies eased slightly to 97.296, on course for a 0.55% weekly decline.
Washington and Beijing have been locked in a fierce near 16-months long trade war that has slowed global trade, raised the risk of recession for some economies and roiled financial markets.
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