Forex
Dollar eases, but the yen and euro stay under strain
The greenback slips a bit against major currencies, though the dollar still looks firm on a longer horizon.
The dollar index slips 0.2% to 101.924. That gives the major currency market a slightly softer tone on the day, but the broader trend still looks firm, with DXY above its 50-day and 200-day averages.
EUR/USD falls 0.6% to 1.1257, while GBP/USD dips 0.2% to 1.324. USD/JPY rises 0.2% to 157.83, keeping the yen on the weaker side even with the dollar’s modest pullback.
Several commodity and emerging-market currencies move more sharply. USD/CHF falls 0.9%, AUD/USD edges up 0.2%, and USDCNY slips 0.1%. USD/MXN rises 0.4% and USDBRL gains 0.8%, while USDZAR jumps 1.4%.
FXStreet headlines tie the dollar’s move to the soft payrolls print, with traders reacting to a U.S. jobs report that missed expectations. The market reaction is not uniform, though, because higher Treasury yields keep the dollar from turning into a straight-line loser.