The US dollar gave back its initial modest gains after strong employment data was released in the United States.

In a report, Danish bank analyst Mohamad Al-Saraf said that the US dollar failed to sustain its rebound, reflecting the market's continued tendency to sell the currency on rallies. "Looking ahead, we do not believe this report will change the overall outlook for the dollar," he said. He noted that a significant downward revision of the benchmark still suggested structural slowing of employment growth, with an average of only 15,000 new jobs added per month in 2025, lower than the 122,000 in 2024. Additionally, US President Trump's call for further interest rate cuts based on strong data has heightened concerns about the independence of the Federal Reserve among observers. The DXY dollar index remained unchanged at 96.814.