Euro surges as shocking US NFP reverses Fed September hike expectations

Euro surges as shocking US NFP reverses Fed September hike expectations

Source: EODHD - https://www.fxstreet.com/news/euro-surges-as-shocking-us-nfp-reverses-fed-september-hike-expectations-202608071300
Published: Aug 07, 2026 9:00 AM

EUR/USD jumps 0.43% on the day and trades around 1.1570 at the time of writing, as the US Dollar (USD) comes under heavy selling pressure following a much weaker-than-expected US employment report.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.