USD fell on Friday against a basket of global currencies, continuing losses for the second day in a row, as growing concerns about the decline in US economic growth, especially after the weak data on the manufacturing sector in the United States, Which provides strong evidence about the prospects for the Federal Reserve to continue tightening monetary policy and raising interest rates.

USD index fell more than 0.1% to 95.66 points, where the opening level of trading today at 95.77 points, the highest level at 95.97 points.

The index ended yesterday’s trading down 0.5%, the fourth loss in five days, after weak economic data in the United States.

Data showed US manufacturing growth in December at the lowest pace since December 2016, a negative sign that the growth of the world’s largest economy declined in the fourth quarter of last year.

The data reduced the likelihood that the US Federal Reserve will continue to tighten monetary policy and raise interest rates this year. In order to re-evaluate these prospects, investors will be looking later for important data on the US labor market, especially job data in other sectors During December, weak data will narrow those possibilities and widen the losses of the US dollar against a basket of currencies.

The US economy will add 179,000 new jobs in December, compared with 155,000 jobs in November, with the unemployment rate steady at 3.7%, the lowest level since In 1969, and average per capita income per hour is expected to rise 0.3% from 0.2% in the previous month.