Forex Focus — Aug 31, 2026, 09:00 UTC

Transcript

US payroll growth slowed sharply in June, dampening Fed rate hike bets. This key data point immediately pressured the dollar. The DXY now faces headwinds from reduced rate hike expectations. EUR/USD currently trades at 1.1597, down 9 pips or 0.09% on the session. This slight dip defies broader dollar weakness seen elsewhere. Elsewhere, emerging market currencies initially rallied on dollar softness. However, a rout in South Korean AI stocks introduced significant volatility across EM FX. The Fed's hawkish stance diminished this week. June's 57,000 payrolls missed economist forecasts. This shifts market expectations towards fewer rate hikes. Tomorrow, EUR/USD support is 1.1580. Resistance sits at 1.1620. For USD/JPY, support is 159.80. Resistance targets 160.25. That’s your "Forex Focus" for today on rawfin.tv.