The dollar was steady on Friday but poised for a weekly fall as U.S. President Donald Trump's temporary choice for a fill-in Federal Reserve governor stoked expectations for a dovish pick to replace chair Jerome Powell when his term ends. As concerns over softening U.S. economic momentum, especially in the labour market, boost hopes of Fed rate cuts, the dollar was down 0.6% on the week so far, against a basket of peers. On the day, the dollar index was little changed, at 98.1. Trump has nominated Council of Economic Advisers Chairman Stephen Miran for a newly vacant seat at the Fed,...
Oil prices were stable on Friday but poised for the steepest weekly losses since late June on a tariff-hit economic outlook and a potential meeting between U.S. President Donald Trump and Russian counterpart Vladimir Putin. Brent crude futures were up 21 cents, or 0.32%, at 6.64 a barrel by 0901 GMT. U.S. West Texas Intermediate crude futures rose 18 cents, or 0.28%, to $64.06. Brent was on track to be down 4.3% over the week while WTI was set to finish 4.9% lower than last Friday's close. Higher U.S. tariffs against a host of trade partners went into effect on Thursday, raising concern...