Dollar Remains Pressured After NFP
The dollar index remained near a four-month low of 103.7 on Friday, marking its fifth straight session of declines, the longest losing streak in nearly a year. Traders analyzed the payrolls report, which showed that while the labor market showed few signs of weakness. The U.S. economy added 151,000 payrolls, slightly lower than the 160,000 expected, the unemployment rate unexpectedly edged up to 4.1% and wage growth eased to 0.3%, as expected. Meanwhile, federal government employment declined by 10,000, but the full impact of the DOGE layoffs has yet to materialize. Additionally, ongoing uncertainty around tariffs continues to weigh on investor sentiment and fuel concerns about the U.S. economic outlook. President Trump eventually suspended all tariffs on products covered by the North American trade agreement through April 2. (Newsmaker23)
Source: Trading Economics
