During Asian session on Monday, the U.S. dollar weakened against the British pound. As of now, the dollar is trading at a 5-day low of 1.5481 against the pound, compared to Friday's close of 1.5467. If the dollar drops further, it may likely target the 1.550 level.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.