US Dollar Price Forecast: NFP Countdown Keeps DXY, EUR/USD and GBP/USD in Focus

Foreign exchange markets maintained focus on forthcoming U.S. employment data, which traders viewed as a critical indicator for Federal Reserve monetary policy decisions later in the year. The anticipated nonfarm payrolls report was positioned as the primary market catalyst following the previous week’s central bank meetings across major economies.
The European Central Bank maintained its key interest rate on overnight deposits at 2.25% and reiterated its data-dependent approach. Market p