Forex Focus — Sep 1, 2026, 09:00 UTC

Transcript

US payrolls grew by only 57,000 in June, significantly missing economist forecasts. This immediately curbed Fed rate hike expectations, sending Treasuries rallying. The dollar index consequently faces significant downward pressure. EUR/USD now trades firmly at 1.1609, up 10 pips on the session. The weak US jobs report provides a clear tailwind for the Euro. Markets are repricing relative central bank policy divergence. Major FX pairs are exhibiting contained volatility today. No significant exotic movements are reported. The Federal Reserve's dovish pivot is now largely priced in. ECB commentary remains largely neutral, maintaining a watchful stance. USD/JPY dipped 0.16%, or 25 pips, to 159.79. This reflects broad dollar weakness, not specific JPY strength. For tomorrow's trading, watch EUR/USD support at 1.1580. Resistance is firm at 1.1630. For Forex Focus, I'm your host on rawfin.tv.