U.S. Dollar Retreats As Non Farm Payrolls Drop: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. Dollar Retreats As Non Farm Payrolls Drop: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/u-dollar-retreats-non-farm-163958695.html
Published: Aug 07, 2026 12:39 PM

U.S. Dollar Is Under Pressure After Disappointing NFP ReportDXY 070826 4h Chart U.S. Dollar Index is losing ground as traders focus on the surprising Non Farm Payrolls report. The report indicated that U.S. economy lost -23,000 jobs in July, compared to analyst forecast of +80,000. Unemployment Rate declined from 4.2% in June to 4.1% in July as Participation Rate decreased from 61.5% to 61.4%. The weak Non Farm Payrolls report put significant pressure on the American currency as traders reduced bets on hawkish Fed. FedWatch Tool indicates that there is a 58.1% chance that Fed will keep rates unchanged at the next meeting in September. The nearest support level for U.S. Dollar Index is locate...

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.