EL7.AI
Forex•3 July 2026•
1 min read

Euro Climbs to 1.1450 Against Dollar Following Weak US Jobs Report

Key Facts

1The EUR/USD exchange rate climbed to around 1.1450 following weaker-than-expected US payrolls data.
2UOB sees a mild upside bias for the Euro as the jobs report reduced expectations of further Fed tightening.

Amid mounting concerns over a cooling US labor market, the Euro rose against the Dollar to reach the 1.1450 level. This upward movement followed disappointing US Non-Farm Payrolls data, which weakened the greenback across the board. According to reports, UOB analysts see a mild upside bias for the single currency as the jobs report reduced expectations for further aggressive tightening by the Federal Reserve.

This price action occurs alongside mixed economic signals from the Eurozone, where market data showed EU Economic Sentiment at 95 points on June 29, 2026, slightly beating the 94.3 forecast. Meanwhile, US Michigan Consumer Sentiment was recorded at 49.5, missing the 50.0 forecast, which has further pressured the Dollar relative to its peers per market data.

Traders should watch for sustained stability above 1.1450, where the pair traded as of the close on July 3, 2026. Upcoming catalysts include a scheduled speech by ECB President Lagarde and the release of UK GDP data on June 30, 2026, both of which could influence broader currency market sentiment and volatility.