Eurusd

Persistent credit growth and renewed energy-price pressure may keep inflation risks alive even after a softer June inflation reading. That backdrop could support the US Dollar Index in the short term while leaving EURUSD vulnerable if key support levels give way.

Weak June payrolls reduced expectations for a July Federal Reserve rate increase, but overtime, temporary hiring and wage signals kept traders from fully pricing out later tightening. The US dollar remains under near-term pressure while EURUSD reacts to shifting Fed and ECB expectations.

US Dollar weakens as DXY slips below key support. EUR/USD and GBP/USD approach critical levels as forex markets react to geopolitical tensions and rate outlook.