The dollar snapped a five-day rally against the yen on speculation an industry report
today will show U.S. manufacturing contracted for a fourth month.
The currency may decline against the euro before a report on June 6 that will probably show
U.S.
companies cut workers.
The British pound fell the most in three weeks against the dollar.
EUR/USD fell
from $1.5565 to $1.5512 before rate rebounded to $1.5525.
GBP/USD fell
from $1.9770 to $1.9700. Rally back to $1.9740 was temporary and currently rate
holds near $1.9700.
USD/JPY set stable
around session highs on Y105.50 before it retreated to Y105.14.
The Institute for Supply Management's factory index, due at 14:00 GMT, fell to 48.5 in May from 48.6 in the previous month, according to a separate survey. That would be the fourth month below fifty, indicating a contraction. U.S. nonfarm payrolls declined for a fifth month in May by 60,000 workers, according to another survey conducted before the Labor Department report.