Archive · 3 Sep 2025
Dollar Weakens Against Peers After US Jobs Data
The value of the US dollar went down against other currencies like the euro because the US job market is showing signs of slowing down.
This makes investors think the Federal Reserve might cut interest rates.
When rates go down, it can affect how much money people want to invest.
The value of the dollar went down against the yen and the Swiss franc, while the euro gained.
The British pound also went up, and gold prices hit a record high.
The U.S. dollar weakened against major currencies.
Job openings in the U.S. fell more than expected in July.
The euro gained against the dollar.
U.S. Treasury yields fell after the jobs data.
The British pound strengthened against the dollar.
- Who
- US Dollar
- What
- Dollar extended losses against major currencies
- When
- Wednesday
- Where
- Global currency markets
- Why
- Due to weakening labor demand
- Dollar Index Change
- Fell 0.36% to 98.047
- Job Openings (July)
- 7.181 million
- 2-year Note Yield
- Fell 4.6 basis points to 3.613%
- 10-year Note Yield
- Fell 5.6 basis points to 4.221%
- Euro Change
- Up 0.34% against the dollar