
Market Sector Scanner: USD Falls Following Weak U.S. Employment Data
Markets reacted to weaker U.S. employment data last week, with only 57,000 jobs added in June. The data pressured the U.S. dollar, supported gold and equities, and reduced expectations of another Fed rate hike. USD/JPY briefly rose close to 163 before intervention rumors and weak U.S. data triggered a sharp pullback. This week, traders will watch FOMC meeting minutes, Japan and EU economic data, yen intervention risk, and whether gold and major currency pairs can hold recent technical levels.
Read more














