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Europe Surges, Dollar Slumps After Weaker Payrolls
A weaker-than-expected payrolls reading boosts European indices and sends the dollar lower, according to analyst Chris Beauchamp.
Pound Sterling Rallies as Weak US Jobs Data Dims Fed Hike Prospects
The British Pound strengthened against the US Dollar after disappointing US employment figures reduced expectations of a Federal Reserve rate hike.
Silver Surges to Weekly High After Weak US NFP Data
Silver climbed to the top of its weekly range on Thursday after weaker-than-expected US Nonfarm Payrolls data pushed the US Dollar to a two-week low.
Commerzbank: Weak US Jobs Data Supports Steady Fed Rates
Commerzbank analyst Bernd Weidensteiner says weaker US employment data for June and downward revisions reduce pressure on the Federal Reserve to hike rates at the late-July meeting.
Indonesia FX and Bonds Stabilize as Oil Prices Ease: DBS
DBS Group Research economist Radhika Rao notes that Indonesia's onshore FX and bond markets have stabilized following a correction in global oil prices.
USD/JPY Falls on Softer US Payrolls, Intervention Risks
The Japanese Yen strengthened against the US Dollar after a much weaker-than-expected US employment report, with USD/JPY falling 0.92% to around 161.05 amid renewed intervention risks.
Euro Hits Nine-Day High as Weak US NFP Weighs on Dollar
The Euro rose to a nine-day high against the US Dollar after softer-than-expected US Nonfarm Payrolls reduced expectations of a near-term Federal Reserve rate hike.
BoE's Mann: Activist Move May Be Needed to Hit Inflation Target
Bank of England policymaker Catherine Mann stated that an 'activist move' could be necessary if inflation expectations and outcomes become unfavorable, according to a speech text released Thursday.
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.
RBNZ to Keep MPC at Six Members Ahead of November Election
BNY Mellon's Geoff Yu reports that the Reserve Bank of New Zealand will keep its Monetary Policy Committee at six members through the upcoming November election, following a split 3-3 vote in May where external members favored a more accommodative stance.
USD/CAD Falls to 1.4180 on Weak US Jobs Data
The Canadian Dollar strengthened against the US Dollar after much weaker-than-expected US employment data pressured the greenback, pushing USD/CAD to a one-week low of 1.4150 before settling at 1.4180.
US Jobs Data Disappoints, Weighs on Dollar Rate Expectations – Commerzbank
Commerzbank analyst Bernd Weidensteiner notes that June nonfarm payrolls rose only 57,000, far below consensus, with prior months revised down by a combined 74,000. Slowing monthly job growth and a softer inflation outlook are putting downward pressure on Fed rate expectations.
ECB Minimum Reserve Debate Raises Liquidity Concerns – ING
ING strategists Benjamin Schroeder and Michiel Tukker discuss how a potential increase in the ECB's Minimum Reserve Requirement could tighten Eurozone liquidity and reduce the central bank's balance sheet.
USD/CHF Slumps to 0.8029 as US NFP Misses Expectations
The Swiss Franc strengthened against the US Dollar on Thursday after disappointing Nonfarm Payrolls data pushed the greenback lower. USD/CHF fell to around 0.8029, its lowest since June 18.
Fed's Daly: Scenario Exists Where Fed Must Fight Inflation
San Francisco Fed President Mary Daly stated that while inflation remains above target, the U.S. economy shows no signs of lacking resiliency, and a scenario exists where the Fed may need to combat inflation further.
US Nonfarm Payrolls Rise by 57K in June, Miss Expectations
US Nonfarm Payrolls increased by only 57K in June, well below the 110K consensus estimate. May's gain was revised down to 129K from 172K.
US NFP Misses Expectations, Rises 57K in June vs 110K Estimate
US Nonfarm Payrolls increased by 57K in June, significantly below the market consensus of 110K, according to the Bureau of Labor Statistics.
EUR/JPY Holds Above 183.75 as Bearish Pressure Mounts
The Euro continues to weaken against the Japanese Yen, with EUR/JPY holding above 183.75 amidst growing bearish sentiment. The Yen strengthened across the board on Thursday without a clear catalyst.
BNY: Clients Turn Underweight JPY for First Time Since Q4 2024 on Intervention Uncertainty
BNY reports that clients have become underweight the Japanese yen for the first time since Q4 2024, driven by USD/JPY’s advance and lingering intervention fears that are reshaping carry trade dynamics.
US Dollar Index Slips to Near 101 Ahead of June NFP Data
The US Dollar Index dipped to approximately 101 as the dollar weakened against major peers ahead of the June Nonfarm Payrolls release due at 12:30 GMT.
NZD/USD Rises to 0.5680 on Dollar Weakness Ahead of US NFP
NZD/USD traded higher near 0.5680 on Thursday, gaining 0.16% as the US Dollar weakened ahead of the upcoming Nonfarm Payrolls report.
USD/JPY Sharpest 4-Hour Drop Since May Spurs Intervention Talk
USD/JPY experienced its steepest four-hour decline since May, breaking the 50 EMA and fueling speculation of Japanese official intervention.
Gold to Trade Steadily in H2, WGC Sees $5,000 Ceiling
World Gold Council analysts expect gold prices to remain broadly stable in the second half of the year, oscillating within a 5% range around $4,100 per ounce, with an upside ceiling of $5,000.
Liquidity squeeze deepens South Korean won's slide
The South Korean won is weakening due to a domestic liquidity crunch, not just a stronger dollar. An equity boom, crowded ownership, FX hedging, and short-term funding stress are compounding pressure on the currency.