U.S. payrolls for August far exceeded expectations, lifting the dollar and increasing odds of Fed rate hikes in coming months, with a move possible as soon as this month. DXY rose to an intraday high of 99.932, up about 0.5% from roughly 99.035 before the release. LSEG data show EUR/USD fell to 1.1583 from about 1.1623 ahead of the report.

2026-09-04

U.S. payrolls for August far exceeded expectations, lifting the dollar and increasing odds of Fed rate hikes in coming months, with a move possible as soon as this month. DXY rose to an intraday high of 99.932, up about 0.5% from roughly 99.035 before the release. LSEG data show EUR/USD fell to 1.1583 from about 1.1623 ahead of the report.