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2025-08-02 00:01:41
The US dollar fell on employment data, while expectations of a Fed rate cut drove market volatility. U.S. nonfarm payrolls increased by 73,000 in July, missing expectations by 100,000. Data for the first two months was revised downward by 258,000. The dollar index fell 0.7% to 99.287, retreating from its recent high of 100.257. The euro rose 0.9% against the dollar to $1.1512. Market expectations for a September Fed rate cut rose from 38% to 67%, putting pressure on the dollar. (Dow Jones)
