Market News
Dollar poised for fifth monthly drop on trade, fiscal uncertainty - REUTERS
Summary
- Upbeat Tokyo core inflation underpins yen
- Fed's preferred PCE inflation data awaited
- Dollar index set for fifth-straight monthly decline
SINGAPORE May 30 (Reuters) - The U.S. dollar wobbled on Friday, heading for its fifth-straight monthly decline as traders braced for further uncertainty around trade policy and U.S. fiscal health while awaiting pivotal inflation reports later in the day.
The greenback had a choppy week, ending lower in the previous session after a federal court temporarily reinstated the most sweeping of President Donald Trump's tariffs, just a day after another court had ordered an immediate block on them.
