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Dollar Tumbles on a Weak US Jobs Report

Monetary PolicyInterest Rates & YieldsEconomic DataCurrency & FXEnergy Markets & Prices

The dollar index (DXY) fell -0.68% to a 2-week low after a weaker-than-expected US June payroll report reduced expectations for Fed tightening. The move reflects a shift toward a more dovish rate outlook, with additional USD pressure from weakness in crude oil.

Analysis

The dollar index (DXY) fell -0.68% to a 2-week low after a weaker-than-expected US June payroll report reduced expectations for Fed tightening. The move reflects a shift toward a more dovish rate outlook, with additional USD pressure from weakness in crude oil.

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