U.S. Dollar Retreats As Non Farm Payrolls Drop: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
Original excerpt
The American currency is under pressure as traders reduce bets on hawkish Fed.
Editorial synthesis pending — we’re writing it. Related coverage on the same pair is below.
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Other coverage on this pair
EUR/USD Price Forecast: Buyers eye a break above the 100-day SMA
EUR/USD Weekly Forecast: US inflation and war doldrums to keep shaping market's mood
US inflation data and geopolitical risk-off sentiment remain primary drivers of EUR/USD directionality; USD strength likely persists absent dovish Fed signals.
Euro: Fed repricing supports moderate gains against US Dollar – Commerzbank
Market repricing of Fed rate expectations narrows USD support, allowing EUR/USD to consolidate higher near-term resistance levels.
Euro: Upside bias hinges on 1.1565 break against US Dollar – UOB
EUR/USD break above 1.1565 would signal completion of recovery structure and shift bias toward further upside; key chart resistance for positioning.
Bank desks on this topic
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Cross-firm research
EUR/USD Consensus Check: Week of August 8, 2026
EUR/USD spot at 1.1558 sits just 0.21% below the 30-firm Dec-26 consensus of 1.1583, masking a 0.20-wide dispersion range.
EUR/USD Consensus Check: Week of August 7, 2026
Spot EUR/USD at 1.1530 sits just 0.45% below the 30-firm Dec-26 median of 1.1583, masking a 0.20-point dispersion from Citi's 1.10 to Deutsche Bank's 1.30.
EUR/USD Consensus Check: Spot at 1.1551, Week of August 6, 2026
EUR/USD spot sits at 1.1551, just 0.28% below the 30-firm Dec-26 median of 1.1583, but a 0.20-wide dispersion band signals deep disagreement beneath the surface.