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macroJul 3, 2026, 7:58 AM

USD Under Pressure After Weak NFP Report

The US dollar weakened broadly following a softer-than-expected Non-Farm Payrolls report, reinforcing expectations that the Federal Reserve may hold off on rate hikes and could pivot to easing.

DXY

The US dollar came under broad selling pressure after the latest Non-Farm Payrolls data came in weaker than anticipated.

The softer labor market reading reinforces market expectations that the Federal Reserve is unlikely to raise interest rates. If economic momentum continues to slow, the central bank could move closer to easing policy.

Source: FXStreet Forex News