With the U.S. dollar showing signs of weakness following the U.S. jobs report, all eyes are on whether it will continue to decline

With the U.S. dollar showing signs of weakness following the U.S. jobs report, all eyes are on whether it will continue to decline

08.09.2025

Last weekend, the U.S. dollar hit its weakest level following the release of the U.S. August employment report on the 5th, which showed a sharp decline in nonfarm payrolls.The EUR/USD pair rose from 1.1646 to 1.1759. An uptrend has emerged along the 10-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair rebounded after touching the 200-period simple moving average (SMA) and extended its gains to the +3σ level of the Bollinger Bands; on the daily chart, it has surpassed last month’s high.

Among European currencies, the Swiss franc was the strongest from European trading hours through U.S. trading hours. The CHF/JPY pair rose from 183.965 to 184.731. The 200-period SMA on the hourly chart acted as a support level, causing the price to turn higher.On the 4-hour chart, the price has found support just below the 10-period moving average (MA), and the daily chart is showing a similar price movement to the 4-hour chart. Notably, during today’s Asian trading session, the pair opened with a gap of approximately 1 yen higher and has already risen to 185.875.

Today’s economic indicators include Japan’s real GDP, GDP deflator, and balance of payments at 8:50; the Japan Economic Watchers Survey at 14:00; Germany’sIndustrial Production and Germany’s Trade Balance at 15:00, U.S. Consumer Credit at 28:00, and New Zealand’s Q2 Manufacturing Activity at 7:45 the following day. Will the U.S. dollar, which has been weakening since the release of the U.S. employment report, continue to decline? We’ll be watching for signs of a clear direction.