NEW YORK (Dow Jones)–The dollar faces a rocky road next week as foreign-exchange markets focus on employment data, a European Union meeting and details of a Greek bond restructuring.
The January U.S. nonfarm payrolls data due Feb. 3 have taken on added significance with the release of Friday’s disappointing gross domestic product reading.
If the employment data are weak, the dollar could fall as it raises the odds that the Federal Reserve introduces a new round of bond-buying sooner than the market is expecting. This would effectively pump more dollars into the market, hurting the greenback. If the data are …
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