SINGAPORE (Reuters) – The dollar headed for its worst week since October on Friday, dragged down by nervousness on trade and hints of weakness in the U.S. economy, with domestic factors leaving the resurgent kiwi and British pound the main beneficiaries. FILE PHOTO: A man poses with dollars, after buying them at a money exchange in Caracas, Febreuary 24, 2015. REUTERS/Carlos Garcia Rawlins The safe haven of the Japanese yen and Swiss franc were also in demand as investors fretted that U.S. jobs figures due later in the day may fall short and braced for a week that brings a British election, a U.S. Fed meeting and likely news on trade. “There is a lot of event risk to navigate,” said Richard Franulovich, head of FX strategy at Westpac in Sydney. “I stand to be corrected here, but I think that next week could possibly be the most consequential week for global markets this year.” Movements on Friday were accordingly slight in Asian trade, but against a basket of currencies .DXY the dollar has dropped every day this week for a cumulative loss of almost 1%. U.S. President Donald Trump remained upbeat overnight on trade and said talks are “moving… Read full this story
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