US Dollar Weakens as June Employment Report Shows Cooling Beyond Expectations
The US dollar declined broadly after the June employment report indicated a greater-than-expected slowdown in the labor market.
The US dollar lost ground across major currency pairs on Friday following the release of the June employment report. The data revealed a cooling in the US labor market that exceeded market expectations, prompting a broad sell-off in the greenback.
Traders are now pricing in a higher probability of a less hawkish Federal Reserve stance in coming months, though no explicit policy changes have been signaled. The move underscores the sensitivity of FX markets to macroeconomic fundamentals.
Source: FXStreet Forex News