US Dollar Price Forecast: Weak ADP Hits DXY as NFP Becomes the Next Test; Key Levels for EUR/USD and GBP/USD Today

US Dollar Price Forecast: Weak ADP Hits DXY as NFP Becomes the Next Test; Key Levels for EUR/USD and GBP/USD Today

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-price-forecast-weak-074726240.html
Published: Sep 03, 2026 3:47 AM

US Dollar News: Soft ADP Data Tests Fed Hike Conviction The greenback has begun the month with its momentum challenged by the more recent labor data. The August ADP report was 38,000 compared to the 48,000 report that economists expected, and also showed a loss of jobs in manufacturing as well as professional and business services. The report supports signs of cooling hiring, and was lower for Treasury yields. Even with the reports, futures still hint at a 60%–65% likelihood of a rate hike in September by the Fed. Fed Chair Kevin Warsh also kept a hawkish stance at Jackson Hole with his speech, keeping expectations of a rate hike high. Friday's employment data will be the last big report wit...

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.