US Dollar Weakens as June Employment Report Shows Cooling Beyond Expectations

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.