{
  "id": 5565068,
  "title": "Euro slips against US Dollar as Nonfarm Payrolls crush expectations",
  "url": "https://urgent.news/2026/09/04/euro-slips-against-us-dollar-as-nonfarm-payrolls-crush-expectations",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T13:19:01.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-slips-against-us-dollar-as-nonfarm-payrolls-crush-expectations-202609041319"
  },
  "original_language": "en",
  "account": "The euro weakened against the US dollar on Friday as the US currency surged following a stronger-than-expected employment report. By midday, the EUR/USD pair was trading at around 1.1605, a 0.18% decline for the day after reaching a peak of 1.1633 earlier. August's nonfarm payrolls came in at 162K, surpassing forecasts of a 56K rise. The July figure was revised upwards to 21K from a prior 23K decline, while June employment rose to 31K from the earlier reported 20K. Unemployment remained unchanged at 4.1%. The US dollar strengthened due to the robust employment data, and US Treasury yields also increased across the spectrum. The US Dollar Index (DXY), which measures the greenback's value versus a basket of six key currencies, was at 99.20, down from a week-long low of 98.83 earlier in the week. Meanwhile, the benchmark 10-year Treasury yield neared 4.81%, the highest since October 2023. The improved job numbers reignited speculation that the Federal Reserve could hike interest rates during its September 15-16 meeting. However, the employment report alone may not resolve the September policy debate. Upcoming Consumer Price Index (CPI) and Producer Price Index (PPI) data will provide the Federal Reserve with a clearer view of inflation before the decision is made. The euro faced additional pressure from weaker-than-expected Eurozone retail sales. Nevertheless, the expectation of a rate hike from the European Central Bank (ECB) during its September 9-10 meeting may cushion the euro's decline. The ECB is widely anticipated to increase rates again this year amid high oil prices resulting from Middle East tensions, which keep inflation risks elevated.",
  "summary": "EUR/USD comes under selling pressure on Friday as the US Dollar (USD) strengthens following the release of the upbeat United States (US) employment report. At the time of writing, the pair trades around 1.1605, down roughly 0.18% on the day, after retreating from an intraday high of 1.1633.",
  "key_points": [
    "Euro weakens against US Dollar after stronger-than-expected nonfarm payrolls",
    "US Dollar Index drops to 99.20, lowest in week",
    "Fed may raise rates in September meeting, but CPI/PPI data needed"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "US Dollar: Jobs strength lifts hike odds – ING",
        "url": "https://urgent.news/2026/09/04/us-dollar-jobs-strength-lifts-hike-odds-ing",
        "published": "2026-09-04T13:49:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}