US Dollar (DXY) Unchanged on Mixed US NFPs, Gold Grabs a Small Bid

US dollar index little changed after US Jobs Report.Gold picks up a small bid.For all high impact data and event releases, see the real-time DailyFX Economic Calendar

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Recommended by Nick Cawley Get Your Free USD Forecast The June US Jobs Report (NFP) showed 206k new jobs created, compared to forecasts of 190k, but last month’s figure was revised markedly lower from 272k to 218k, a revision of 54k. The unemployment rate nudged higher to 4.1% from a prior reading, and forecast, of 4%, while average hourly earnings met forecasts of 3.9% y/y and 0.3% m/m.

The US dollar is little changed after the release with the dollar index (DXY) trading on either side of 105. US interest rate expectations edged around 4 basis points higher and are currently fully pricing in two, 25 basis point rate cuts this year.

US Dollar Index Daily Chart

Recommended by Nick Cawley How to Trade Gold Gold remains in a multi-month range and is testing levels last seen in early June.

Gold Daily Price Chart

Charts using TradingView

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