US Dollar Price Forecast: Soft NFP Hits Fed Bets, Can GBP/USD and EUR/USD Recover?

US Dollar Price Forecast: Soft NFP Hits Fed Bets, Can GBP/USD and EUR/USD Recover?

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-soft-081809134.html
Published: Oct 05, 2026 4:18 AM

Dollar Index: Soft Jobs Data Dents Fed Case, but Yield Support Persists September's payrolls printed significantly below consensus. Nonfarm payrolls increased by 29,000, with the unemployment rate increasing to 4.2%. Traders quickly pared back expectations for another rate hike in October. However, despite the slower pace in labor market prints, U.S. yields remain elevated, increasing the appeal for the U.S. dollar. Higher U.S. yields and firming U.S. growth remain positive for the dollar despite the softer Fed outlook. Euro: French Fiscal Strain Is More Relevant than Inflation The euro's largest issue is increasingly more fiscal than monetary. French government bonds sold off last week as i...

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.