Dollar Dives Amid Weak Jobs Data: Major Forex Pairs Surge as Fed Rate Hike Expectations Fade
The US dollar weakened sharply after a disappointing NFP report, missing estimates with just 22,000 jobs added. This triggered rate cut speculation, impacting major forex pairs: EUR/USD surged past 1.0850, GBP/USD broke 1.2700, while USD/CAD and USD/JPY also saw volatility. Traders now eye potential Fed easing soon. Full analysis by James Hyerczyk on FXEmpire.
