The dollar has fallen globally, heading for the worst weekly performance since December

Economy and stock exchange

The dollar is heading for the worst weekly performance since December, ahead of the US jobs report, which investors expect will strengthen the Federal Reserve's rationale for cutting interest rates.

The possibility that the US central bank will move to cut interest rates in the face of the escalating US-China trade conflict has caused the dollar to slide to a two-month low this week and helped the euro rise above $ 1.13.

Today, the euro abandoned all of its gains on Thursday after the lower-than-expected Tesiri stance was adopted by the European Central Bank in a policy review.

Job data in the US non-farm sectors, which are due to be released by 1430 GMT, are expected to show a drop in jobs.

The euro fell 0.05 percent to $ 1.1269, but is still heading towards a weekly gain of 0.9 percent, achieving the best weekly performance against the dollar since late September last year, when it rose nearly 1.1 percent.

Against a basket of six major currencies, the dollar index was steady at 97.042, trading up 0.3 percent above the eight-week low of 96.749 on Wednesday.

The dollar index is headed for a 0.72 percent loss this week, its worst weekly performance since March 15, losing 0.73 percent.

. (tagsToTranslate) USD (t) US Central Bank (t) Investors (t) Economy (t) United States (t) China