From Yahoo Finance: 2025-06-03 20:58:00

The dollar weakened as U.S. private payrolls rose by just 37,000 jobs in May, far below the expected 110,000. Trump urged the Fed to cut rates, while the U.S. services sector contracted. The euro rose ahead of an ECB interest rate decision, with investors awaiting Friday’s payrolls report and trade updates.

Trump set a Wednesday deadline for trade offers and is expected to speak with Chinese President Xi Jinping. The dollar index fell, and Hong Kong’s dollar neared a trading band limit. Sterling rose, exempt from U.S. duties. Japan may slow bond purchases, and Canada kept its rate steady amidst trade tensions.

Bitcoin dipped, and traders are on alert for market developments. Canada will retaliate if tariff talks fail.

Read more: Dollar falls after data disappoints; Trump calls for rate cut