The US dollar retraces gains against major currencies; strong non-farm payrolls fail to change the structural weakness outlook

CycleProphet · 2026-02-12T12:36:19+00:00

After the US Non-Farm Payrolls report exceeded expectations, the dollar temporarily rose but failed to sustain gains. Analysts pointed out that the market still tends to "sell on rallies," as the report showed a slowdown in employment growth, with an expected average of only 15,000 new jobs per month in 2025. Meanwhile, Trump called for interest rate cuts, raising concerns about the Federal Reserve's independence.

CycleProphet

2026-02-12 12:36:19

Abstract generation in progress

Deep Tide TechFlow News, February 12 — According to Jinshi Data, after the unexpectedly strong U.S. non-farm payroll report was released on Wednesday, the dollar only saw a brief slight increase before giving back its gains. Danske Bank analyst Mohamed Al-Sarraf pointed out that the dollar’s failure to sustain its rally reflects the market’s persistent “sell on rallies” tendency. “We believe this report is not enough to mark a turning point in the dollar’s macro outlook,” Al-Sarraf said. The non-farm annual benchmark data was significantly revised downward, still indicating a structural slowdown in employment growth — with an average of only 15,000 new jobs per month in 2025, a sharp decline from 122,000 in 2024. Additionally, President Trump cited strong data to call for further rate cuts, intensifying market concerns over the Federal Reserve’s independence.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.