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fxJul 2, 2026, 6:50 PM

US Dollar Weakens After Soft June Jobs Data

The US Dollar Index fell near 100.90 after June Nonfarm Payrolls increased by only 57,000 and May's gain was revised down to 129,000, indicating a slowdown in hiring.

DXY

The US Dollar came under selling pressure on Friday after the latest employment report showed a clear slowdown in the labor market. The US Dollar Index (DXY) slipped toward the 100.90 level.

According to the data, Nonfarm Payrolls rose by just 57,000 in June, well below expectations. Additionally, May's previously reported gain was revised down to 129,000, underscoring a softening trend in hiring.

Market participants are now reassessing the Federal Reserve's policy path in light of weaker job growth, which could reduce the case for further rate hikes.

Source: FXStreet Forex News