Dollar Set for Worst Week This Month as Trade Deadline Nears

The dollar is wrapping its worst week in July as President Donald Trump amps up his calls for interest-rate cuts amid a looming deadline for trade deals.

The greenback has weakened about 0.7% since Monday against a basket of currencies, putting it on track to break a two-week rally. That adds to a bruising year in which it has lost 8.5% on everything from Trump’s trade war to his repeated attacks on Fed Chair Jerome Powell.