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fxJul 2, 2026, 2:01 PM

US Dollar Falls After Disappointing June NFP Data

The US dollar weakened broadly after June nonfarm payrolls came in at 57K, far below the 114K forecast, and May's figure was revised down to 129K from 172K.

DXY

The US dollar declined across the board on Thursday following the release of weaker-than-expected US labor market data.

June nonfarm payrolls increased by only 57,000, missing the consensus estimate of 114,000. Additionally, the May reading was revised sharply lower to 129,000 from the initial 172,000, underscoring a slowdown in job growth.

The disappointing figures have fueled speculation that the Federal Reserve may pause or slow its tightening cycle, putting additional pressure on the dollar. Traders now await further economic data for clues on the next policy move.

Source: FXStreet Forex News