With the U.S. dollar showing signs of weakness following the release of U.S. employment data, attention is focused on whether it will continue to decline

With the U.S. dollar showing signs of weakness following the release of U.S. employment data, attention is focused on whether it will continue to decline

08.09.2025

Last weekend, the U.S. dollar hit its lowest point following the release of the U.S. August employment report on the 5th, which showed a significant decline in nonfarm payrolls.The EUR/USD pair rose from 1.1646 to 1.1759. An uptrend has formed 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, while on the daily chart, it has surpassed last month’s high.

Among European currencies, the Swiss franc was the strongest from European to U.S. trading hours. The CHF/JPY pair rose from 183.965 to 184.731. The 200-period simple moving average (SMA) on the hourly chart acted as a support level, causing prices to turn upward.On the 4-hour chart, the price has found support just below the 10-day moving average, and the daily chart is showing a similar price movement to the 4-hour chart. Notably, during today’s Asian session, the pair opened with a gap of about 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 a.m.; Japan’s Economic Watchers Survey at 2:00 p.m.; Germany’s industrial production and trade balance at 3:00 p.m.; U.S. consumer credit at 10:00 p.m.; and New Zealand’s second-quarter manufacturing activity at 7:45 a.m. the following day.Will the U.S. dollar, which weakened following the U.S. jobs report, continue to decline? We will be watching for signs of a downward trend.