The dollar traded near a two-month low against the euro on speculation U.S. payrolls dropped for a sixth month and the European Central Bank will signal more than one interest-rate increase is needed to curb inflation.
The Labor Department will probably report today that U.S. employers eliminated 60,000 jobs including government positions last month, according to the median forecast of 79 economists surveyed by Bloomberg.
The dollar weakened 1.2 percent against the euro and 1 percent versus the yen on June 6, when the government reported that the U.S. lost 49,000 jobs in May.
Expected data is -60K for the NFP.
The dollar dropped to $1.5895 per euro, the weakest level since April 24, before trading at $1.5891 at 11:52am in London, from $1.5882 yesterday in New York.
The U.S. currency fell to a record of $1.6019 per euro on April 22. The dollar was at 106.30 yen from 105.91. The euro rose to 169.13 yen, the highest in a week, and was at 168.95 from 168.20.
