Dollar Set for Largest Weekly Drop Since April After Jobs Data

Hyperdash News07/04/2026 04:40 UTCFX

The US Dollar is set for its largest weekly decline since April. This movement follows recent jobs data, which has lowered expectations for future Federal Reserve interest rate hikes. The dollar's performance reflects a shift in the monetary policy outlook.

The jobs data has prompted traders to reassess the likelihood of aggressive rate increases from the Federal Reserve. This has reduced demand for the dollar. Traders on Hyperdash have taken

JPY/USD +0.17% higher,

GBP/USD -0.36% lower, and

EUR/USD -0.01% lower since the news.

Sources

First Squawk

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