The US dollar is expected to record its largest weekly decline since April this week, as expectations for interest rate cuts rise

By: rootdata|2026/07/03 20:42:08
0
Share
copy

According to Jinshi reports, the US dollar weakened significantly this week, expected to create the largest weekly decline since April, due to a noticeable cooling in US employment data for June, leading the market to lower its short-term interest rate hike expectations for the Federal Reserve. The dollar index fell about 0.5% this week. Against this backdrop, the euro rose to 1.144 USD, with a weekly increase of about 0.5%; the British pound rose to 1.3352 USD, with a weekly increase of about 1.1%. The yen rebounded from a 40-year low, with the dollar against the yen briefly retreating to around 161.

Analysts pointed out that the dollar's movement has been significantly influenced by employment data and interest rate expectations, and if subsequent economic data continues to weaken, the dollar may still face further pressure.

-- Price

--

You may also like

Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip

Abandoning TSMC and teaming up with Samsung. Anthropic launches a self-developed 2nm chip program, challenging Nvidia and starting a battle to break through computing power costs.

Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed

Zhao Changpeng's billion-dollar new "family office" YZi Labs investment landscape revealed: 70% of the funds are committed to the crypto ecosystem, while 30% are cross-industry bets on AI and biotechnology, launching a new capital experiment in the post-Binance era.

Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions

The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...

A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI

True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

When American giants collectively "defect" from Chinese AI models

Coinbase CEO publicly stated: the company has fully switched its AI to a Chinese model, cutting expenses in half while usage has doubled. Snowflake and Lindy are also doing the same thing—an unnoticed "AI model migration wave" is happening.

BIS Report Compliance Observation: The Real Risks of Stablecoins, Not Just "Depegging"

The issue with stablecoins is not just whether their price will decouple, but whether they can be integrated into a recognizable, monitorable, accountable, and regulated financial system.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com