New york: The US dollar was on track for its biggest weekly decline in nearly three months after weak June jobs data reduced market expectations of further interest rate increases by the US Federal Reserve. According to Bahrain News Agency, the dollar index, which measures the US currency against a basket of major currencies, fell 0.2% to 100.77. The Japanese yen strengthened to 161.01 against the dollar, while the euro traded near a two-week high at US$1.1442. Sterling was steady at US$1.3361 and was on course for weekly gains of 1.2%, marking its strongest performance in nearly three months.
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