Jobs Day in U.S. and Canada, Currency War, ECB Preview: Eco Day

(Bloomberg) -- Welcome to Friday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

• It’s U.S. jobs day -- here’s what to expect and how to read the data
  • The U.S. is in crisis: A closer look at how income inequality, partisanship, health disparities, the recession, racism and climate change are affecting the country
• Canada also reports employment numbers today -- read our preview
• Growing unease among global central banks about the slumping U.S. dollar has ignited speculation that a fresh currency war might be on the horizon
• Import restrictions aimed at protecting the Argentinian central bank’s falling reserves of dollars are hindering the country’s key farm industry, according to a trade group
• The U.K. is one of the first countries in Europe to start withdrawing the emergency measures it extended to help the economy through the coronavirus, a move that could imperil millions of jobs
• The European Central Bank is likely to step up its crisis response later this year, according to economists, with a faltering recovery and a stronger euro threatening to exacerbate price declines
• The Bank of Japan is likely to consider upgrading its economic assessment amid signs of a rebound from the economy’s worst contraction on record last quarter, people familiar with the matter said

©2020 Bloomberg L.P.