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Dollar eyes weekly loss amid US fiscal worries
short by / on Friday, 23 May, 2025
The US dollar was soft on Friday, poised to make its first weekly drop in five weeks against the euro and the yen as worries over the United States' worsening fiscal health sent investors scurrying for safe havens. Dubbed by Trump as a "big, beautiful bill", it narrowly passed Republican-controlled US House of Representatives and now heads to the Senate for what is likely to be weeks of debate.