U.S. Dollar Slips Amid Fiscal Concerns, Set for First Weekly Loss in Five Weeks

The U.S. dollar weakened on Friday, heading for its first weekly decline in five weeks against both the euro and the yen. Investors turned to safe-haven assets as growing concerns over the United States’ deteriorating fiscal health rattled markets. Analysts point to rising debt levels and budget uncertainties as key factors driving the shift in sentiment, prompting cautious trading ahead of further economic indicators.