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ForexMedium•19 February 2026•

1 min read

US Dollar Surges on Resilient Labor Data as EUR/USD Breaks February Lows

Two central bankers, Christine Lagarde and Thomas Jordan, with EU and Swiss flags, Euro and Swiss Franc symbols, and coins.

The US Dollar extended its rally on Thursday following the release of jobless claims data that came in significantly stronger than market expectations. This data highlights continued resilience in the US labor market, effectively dampening hopes for imminent interest rate cuts by the Federal Reserve. The greenback's strength was further bolstered by hawkish signals found in the latest FOMC minutes released earlier this week. Consequently, the EUR/USD pair faced intense downward pressure, breaking below its critical support levels established back in February. Analysts suggest that the combination of robust economic indicators and a cautious central bank stance is providing a strong fundamental tailwind for the dollar. Market participants are now closely monitoring upcoming economic releases to gauge the longevity of this bullish momentum against major currency peers.