U.S. non-farm eve: Bloomberg dollar index heads for longest losing streak since September
The Bloomberg Dollar Index fell for a fourth straight day, its longest losing streak since September 2024, after the Trump administration said tariffs on goods and services covered by the US-Mexico-Canada Agreement on Canada and Mexico were suspended until April 2. The euro narrowed its gains after the European Central Bank cut interest rates as scheduled, but hinted that the cuts may be nearing an end. The Bloomberg Dollar Index fell 0.2%, after falling as much as 0.4% in intraday trading; the index fell 2.2% in four days, heading for its worst weekly performance since November 2022. The non-farm payrolls report will be released on Friday.