• The dollar dropped to seven-month lows on Friday after data showed the U.S. economy created fewer jobs than expected last month, which could derail a possible interest rate hike by the Federal Reserve in the second half of this year.
• In late trading, the dollar index fell to a seven-month low and was last down 0.5 percent at 96.725
• The euro was 0.6 percent higher against the dollar at $1.1276, after earlier rising to a seven-month peak of $1.1282.
• Against the yen, the dollar fell to two week lows and last changed hands at 110.44 yen, down 0.8 percent.
• U.S. job growth slowed in May and employment gains in the prior two months were not as strong as previously reported, suggesting the labor market was losing momentum despite the unemployment rate falling to a 16-year low of 4.3 percent.
Nonfarm payrolls increased 138,000 last month as the manufacturing, government and retail sectors lost jobs, the Labor Department said on Friday. The economy created 66,000 fewer jobs than previously reported in March and April.
• However, that the Fed's plan to push rates higher repeatedly later this year now looks far from certain.
In late trading, interest rate futures have priced in a 96 percent chance of a Fed rate increase on June 14, according to the CME's FedWatch.
• Philadelphia Federal Reserve Bank President Patrick Harker said on Friday that the U.S. central bank remains on track to meet its inflation goal and reiterated his support for a further two interest rate increases this year.
A lack of certainty about where the Trump administration's economic policies are heading is the main current threat to the U.S. economy, Philadelphia Federal Reserve Bank President Patrick Harker said on Friday.
• Dallas Federal Reserve Bank President Robert Kaplan said on Friday he is optimistic the United States will successfully forge new trade agreements with Mexico and Canada, but that he worries about a rising anti-American tone and rhetoric in Mexico.
• The U.S. economy is expected to expand at a 3.4 percent annualized pace in the second quarter based on a weaker-than-expected report on domestic payrolls in May, the Atlanta Federal Reserve's GDP Now forecast model showed on Friday.
The latest second-quarter gross domestic product estimate was slower than the previous reading of 4.0 percent calculated on Thursday, the Atlanta Fed said.
• The World Bank on Sunday maintained its forecast that global growth will improve to 2.7 percent this year, citing a pickup in manufacturing and trade, improved market confidence and a recovery in commodity prices.
• British Prime Minister Theresa May's gamble on a June 8 snap election was thrust into doubt after a Survation poll showed her Conservative Party's lead had dropped to a new low of just one percentage point.
Survation said the Conservatives were on 40 percent and Labour on 39 percent, indicating May's lead has collapsed by 11 percentage points over two weeks and that her majority was now in doubt.
• Crude fell more than 1 percent on Friday, heading for a second straight week of losses, on worries that U.S. President Donald Trump's decision to withdraw from an international climate accord will spur further domestic production and contribute to a persistent global oversupply.
Brent crude futures LCOc1 were down 61 cents at $50.02 per barrel by 2:00 p.m. (1800 GMT), while U.S. West Texas Intermediate crude CLc1 futures fell 62 cents to $47.74 per barrel.
• Islamic State claimed responsibility for Saturday night's attack in London which killed seven people and wounded dozens, the militant group's agency Amaq said on Sunday.
• North Korea "fully rejects" the latest U.N sanctions against its citizens and entities as a "hostile act" and will continue its nuclear weapons development without a delay, its foreign ministry spokesman said on Sunday.
Reference: Reuters
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