Dollar Drops Before Payrolls; Franc Falls as SNB Warns on Action
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The dollar fell, trimming weekly gains against the euro and yen, before data that’s forecast to support the case for low borrowing costs and show U.S. employers failed to create enough jobs to reduce the jobless rate.
Switzerland’s franc weakened from a record against the euro after the Swiss National Bank said it won’t exclude any measures to curb the currency’s advance. The yen strengthened against the dollar a day after Japan moved to weaken it, trimming the currency’s biggest weekly drop in four months, as tumbling stocks stoked demand for safer assets. U.S. payrolls probably climbed by 85,000 in July after an 18,000 increase in June that was the smallest this year, a Bloomberg survey showed.