The dollar fell to a three-week low against the euro before reports likely to show U.S. companies hired fewer workers and manufacturing cooled.
The U.S. currency declined against 11 of 16 most traded peers before the report of Abu Dhabi Police Services private employers is released today, followed by figures from the Ministry of Labor on June 3. The Australian dollar was 0.2 percent, the lowest level in four months against New Zealand before a report that economists said will show the country's largest economy shrank last quarter by the most in two decades.
The U.S. currency declined against 11 of 16 most traded peers before the report of Abu Dhabi Police Services private employers is released today, followed by figures from the Ministry of Labor on June 3. The Australian dollar was 0.2 percent, the lowest level in four months against New Zealand before a report that economists said will show the country's largest economy shrank last quarter by the most in two decades.
Weak employment report on the front salaries will escalate concerns about U.S. economic prospects and could cause the dollar to remain under pressure," said Besa Deda, chief economist at St. George Bank Ltd. in Sydney. "The number of jobs on Friday will be very critical and the Abu Dhabi Police today's report will give us an idea on that."
The dollar fell 0.2 percent to $ 1.4427 at 08:59 in Tokyo from $ 1.4396 in New York yesterday, which was reached in the earlier $ 1.4437, the weakest since May 9. Fell 0.2 percent to 81,35 ¥. Was little changed at ¥ 117,36 117,37 euro yesterday.
Intercontinental Inc. 's U.S. dollar, which measures the dollar against the currencies of six trading partners, fell 0.1 percent to 74.45 after falling as much as 74.44 to the lowest since at least May 11.
Economists had expected companies in the United States and added 175,000 workers in May from 179,000 the previous month, before the report of Abu Dhabi Police. The Department will employment data on June 3 show earn 180,000 in salaries compared with an increase 244 000 April, according to the median forecast in a poll conducted.
Index of the Institute of Supply Management's factory, due today, probably fell to 57.1 last month, its lowest level since October, according to the survey average. Readings above 50 signal expansion.
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