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fxJul 3, 2026, 10:47 AM

US Dollar Hits Two-Week Low on Weak Jobs Data

The US dollar fell to a two-week low after June non-farm payrolls rose by only 57,000, with downward revisions for April and May adding to the disappointment.

USD

The US dollar dropped sharply, hitting a two-week low following the release of disappointing US labor market figures. Non-farm payrolls increased by just 57,000 in June, far below expectations. Additionally, payrolls for April and May were revised down by a combined 74,000, further dampening sentiment.

The weaker data suggests the labor market may be cooling faster than anticipated, reducing the likelihood of aggressive Federal Reserve tightening. The dollar's decline reflects this shift in market expectations.

Source: FXStreet Forex News