Euro Area Unemployment Rate

The U.S. dollar advanced as traders weighed resilient American economic data, a softer Canadian manufacturing reading and steady euro area unemployment. Major currency pairs remained technically sensitive, with EUR/USD, GBP/USD, USD/CAD and USD/JPY all approaching important support or resistance zones.

The U.S. dollar came under pressure after June Non Farm Payrolls showed job creation below expectations, prompting traders to reduce bets on a more hawkish Federal Reserve. EUR/USD and GBP/USD pushed higher, USD/CAD retreated with commodity-linked currencies, and USD/JPY fell as profit-taking intensified near elevated levels.