The dollar falls – EURUSD rises: what’s next?
The drop in Nonfarm Payrolls has hit the US dollar, with EURUSD continuing its upward move towards 1.1460. Discover more in our analysis for 9 June 2025.
EURUSD forecast: key trading points
Nonfarm Payrolls data weakened the US dollar
The ECB may pause its rate adjustments
EURUSD forecast for 9 June 2025: 1.1460
Fundamental analysis
Today’s EURUSD forecast favours the European currency. After the release of the Nonfarm Payrolls report, the dollar keeps losing ground against the euro. The actual figure came in at 149K, down from 142K in the previous period. While the drop might seem marginal at first glance, combined with other weak US macro data, it exerted pressure on the dollar and triggered an upward move in EURUSD.
Investors are growing cautious about the weakening US dollar and seeking safe havens for their assets. Meanwhile, after initiating a rate cut cycle, the ECB has signalled a possible pause in further rate moves, which has strengthened the euro and supported the current rally in EURUSD.
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