Some Losses for the Dollar Ahead of the NFP

Some Losses for the Dollar Ahead of the NFP

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/losses-dollar-ahead-nfp-174711178.html
Published: Aug 06, 2026 1:47 PM

The dollar declined in recent days against most major currencies apart from the yen as traders reduced expectations of two hikes by the Federal Reserve (the Fed) before the end of the year. Now attention turns to the upcoming job report on 7 August. This article summarises recent news, looks ahead to the NFP and briefly analyses the charts of euro-dollar and dollar-yen. News on 6 August that Iran and Oman had agreed to establish a corridor for shipping through the Strait of Hormuz hit oil and boosted appetite for risk in markets. Traders also anticipate some degree of lull in hostilities in August and the possible resumption of active negotiations between the USA and Iran within the next few...

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.