News

05 Sep 2025

The dollar fell as US jobs data awaited

The dollar fell during Friday trading as investors awaited the monthly jobs report, which could support expectations of a Federal Reserve interest rate cut this month.

The dollar index, which measures the performance of the US currency against a basket of six major currencies, fell 0.25% to 98.11.

The euro rose 0.24% against the US currency to $1.1677, the pound rose 0.25% to $1.3468, and the dollar fell 0.22% against the Japanese yen to 148.16 yen.

This came after US President Donald Trump signed an executive order implementing his trade agreement with Japan, which includes imposing 15% tariffs on most Japanese imports into the United States, including cars.

The nonfarm payrolls report, due later today, is expected to show 75,000 jobs added in August, which would mark the fourth consecutive month in which the economy has added fewer than 100,000 jobs. Unemployment is also expected to rise to 4.3%, the highest level since 2021

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