ENM: Global markets: Dollar, Chinese shares steady as Europe wobbles
LONDON: The dollar inched higher on Friday, putting it on track for a monthly rise in May, while Chinese shares steadied after a plunge a day earlier that stoked concerns about the financial health of the world's second largest economy.
European stock markets were down by up to half a percent, with dealers pointing to doubts over Greece's ability to make good on a promise to reach a cash-for-reforms deal with its euro zone partners by Sunday.
U.S. markets were also set to open a touch lower , with a second estimate of first quarter economic output expected to show the economy contracted by 0.8 percent rather than growing 0.2 percent.
That darkening of the economic picture has been at the heart of the dollar's roughest patch since the start of a rally last year that has changed the playing field for business and financial investors worldwide.
The U.S. currency fell as much as 9 percent against the euro between April ..
