{
  "type": "article",
  "title": "Weak June Jobs Report Drives the US Dollar to a Two-Week Low, Lifting the Franc, Euro, Gold and Bitcoin",
  "summary": "The United States added far fewer jobs than expected in June, pushing the US Dollar to a two-week low and sending the Swiss Franc, Euro, Pound, Gold and Bitcoin higher.",
  "content": "The US labor market handed traders a fresh reason to sell the dollar on Thursday. June's jobs numbers came in so much weaker than expected that the US Dollar slid to a two-week low, and the pullback flowed straight into the Swiss Franc, the Euro, the British Pound, Gold and even Bitcoin. The theme was clear all session: money was moving out of the dollar and into just about everything else.\n\nA jobs report that missed by a mile\nAccording to data from the US Bureau of Labor Statistics, the US economy added just 57K jobs in June, well short of the 110K the market had been counting on. The gap was wide. On top of that, May's figure was revised lower, cut to 126K from the 172K originally reported.\n\nThe surprise was that even with hiring cooling, the Unemployment Rate unexpectedly ticked down, easing to 4.2% in June from 4.3% in May. Average Hourly Earnings rose 0.3% MoM and 3.5% YoY in June, landing exactly in line with market expectations.\n\nThe dollar slides to a two-week low\nAs the numbers hit, the US Dollar deepened its intraday losses and dropped to a two-week low. The pressure had actually started earlier, when the Japanese Yen staged a sharp rebound. Speculation was running high that Japanese authorities may have stepped into the foreign exchange market, and that is what set off the greenback's early weakness.\n\nThe US Dollar Index (DXY), which measures the currency against a basket of six major peers, was trading around 100.70, down roughly 0.70% on the day.\n\nSwiss inflation cools, tying the SNB's hands\nEarlier in the day, data from the Swiss Federal Statistical Office showed Swiss inflation slowing in June for the first time in eight months. The Consumer Price Index (CPI) was flat at 0.0% MoM, below the 0.1% forecast and down from 0.2% in May.\n\nOn an annual basis, CPI eased to 0.5%, matching market expectations and coming in below the 0.6% rise recorded in May.\n\nInflation that stays this subdued strengthens the view that the Swiss National Bank (SNB) will keep its policy rate parked at 0% for the foreseeable future, since price growth sits comfortably within the central bank's 0% to 2% stability range.\n\nWhy Nonfarm Payrolls matter so much\nNonfarm Payrolls (NFP) are part of the US Bureau of Labor Statistics' monthly jobs report. The component specifically measures the change in the number of people employed in the US during the previous month, leaving out the farming industry.\n\nThe figure can shape the Federal Reserve's decisions because it shows how well the central bank is meeting its mandate of full employment and 2% inflation. A relatively high NFP means more people are working, earning more and therefore probably spending more. A relatively low result, on the other hand, can signal that people are struggling to find work. The Fed will typically raise interest rates to fight high inflation caused by low unemployment, and cut them to breathe life into a stagnant labor market.\n\nHow the numbers ripple through the dollar and gold\nNonfarm Payrolls generally move in the same direction as the US Dollar. When the figures beat expectations, the dollar tends to rally, and when they miss, the opposite tends to happen. NFP influences the dollar through its impact on inflation, monetary policy expectations and interest rates. A higher NFP usually points to a tighter Fed, which supports the currency.\n\nGold, by contrast, generally moves the other way. A higher-than-expected payrolls figure tends to weigh on the Gold price, and a weaker one tends to lift it. Because a strong NFP lifts the dollar, and Gold, like most major commodities, is priced in dollars, a stronger dollar means it takes fewer dollars to buy an ounce of Gold. Higher interest rates, which strong payrolls often bring, also make Gold less appealing as an investment compared with holding cash that at least earns interest.\n\nThe headline number is only part of the story\nNonfarm Payrolls are just one piece of a larger jobs report, and the other components can sometimes overshadow them. There are times when NFP beats forecasts but Average Weekly Earnings comes in soft, and the market brushes aside the potentially inflationary headline while reading the drop in earnings as deflationary. The Participation Rate and Average Weekly Hours can also sway the market's reaction, but only in rare episodes such as the 'Great Resignation' or the Global Financial Crisis.\n\nHow other markets are trading\nThe British Pound was 0.5% higher, near 1.3340 against the US Dollar during Thursday's European session. Ahead of the June US Nonfarm Payrolls release, due at 12:30 GMT, the dollar was underperforming its peers and the GBP/USD pair was showing strength.\n\nThe dollar lost ground against the Euro too. EUR/USD pushed past the 1.1450 mark to reach a fresh multi-day peak on Thursday. Amid a sharp correction in the dollar, the pair left behind two straight days of pullbacks as investors weighed the latest US NFP data.\n\nGold held on to its bullish momentum on Thursday, climbing above $4,100 per troy ounce. The precious metal's strong rebound rode on the dollar's retreat and higher US Treasury yields following the softer-than-expected NFP report.\n\nThe cryptocurrency market rose broadly on Thursday, reflecting improving risk sentiment after a long stretch of selling pressure. Bitcoin was back above $60,000 after testing support at $58,000 earlier in the week.\n\nAll eyes still on the Fed\nFinancial markets came to Sintra looking for clues about the Federal Reserve's next move. They largely left with confirmation that Fed Chair Kevin Warsh intends to make those clues much harder to find.\n\nWhat this means for you\n• For investors: When weak US jobs data pushes the dollar down, assets like Gold, the Euro, the Pound and Bitcoin gain, which benefits anyone already holding them.\n• On everyday costs: A softer dollar affects the global prices of dollar-denominated goods like Gold and crude oil, and those shifts can eventually filter through to what you pay.\n\nQuestions & Answers\n\n1. How many jobs did the US add in June?\nThe US economy added just 57K jobs in June, well below the 110K the market had expected.\n\n2. What changed in the May figure?\nMay's payrolls were revised lower, cut to 126K from the 172K originally reported.\n\n3. How did the US Dollar react?\nAfter the weak data, the US Dollar slid to a two-week low, with the Dollar Index around 100.70, down roughly 0.70% on the day.\n\n4. What was the Unemployment Rate?\nDespite slower hiring, the Unemployment Rate unexpectedly fell to 4.2% in June from 4.3% in May.\n\n5. What happened to Swiss inflation?\nSwiss inflation slowed in June for the first time in eight months, with CPI flat at 0.0% MoM and 0.5% YoY.\n\n6. How did Gold and Bitcoin move?\nGold climbed above $4,100 per troy ounce, while Bitcoin moved back above $60,000.\n\n7. What does this mean for Swiss National Bank rates?\nSubdued inflation strengthens expectations that the SNB will keep its policy rate at 0% for the foreseeable future.",
  "url": "https://trendkia.com/en/market/kamajora-juna-jobsa-deta-se-us-dollar-do-haphte-ke-nichale-stara-para-swiss-franc-se-lekara-sone-taka-men-joradara-uchhala-4146",
  "category": "Market",
  "publishedAt": "2026-07-02",
  "tags": [
    "Nonfarm Payrolls",
    "US Dollar",
    "Swiss Franc",
    "Federal Reserve",
    "US jobs",
    "Gold price",
    "Unemployment Rate",
    "Dollar Index"
  ],
  "language": "en",
  "site": "TrendKia"
}