The U.S. dollar was poised on Friday to post its biggest weekly decline in nearly three months after a weak June employment report pushed back market expectations for further Federal Reserve rate hikes.
According to Jin10, the cooling in U.S. job growth in June led traders to scale back expectations for a near-term Fed hike. The market was pricing a 52% chance of a rate increase at the September meeting, down from 64% in the previous session.
U.S. Treasury yields also retreated from earlier highs, and the two-year Treasury yield ended a three-day streak of gains.
Sim Moh Siong, a foreign-exchange strategist at Oversea-Chinese Banking Corp., said the data was marginally dovish and helped ease concerns about an overheating labor market and the need for more aggressive policy tightening.
He added that as long as expectations for Fed tightening remain unchanged, the dollar’s overall outlook remains constructive, especially against low-yielding currencies.
Dollar Set for Biggest Weekly Drop in Nearly Three Months as June Jobs Data Softens Rate-Hike Bets
2026-07-03 02:52:49
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
加拿大卡尼指定国有公司建输油管道Next article：
贵金属 | 加息预期降温推升铜价
