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Forex Today: US Dollar eases ahead of US jobs data, ECB Forum and China PMIs

Here is what you need to know for Tuesday, June 30:

The US Dollar Index (DXY) lost some momentum on Monday, trading near 101.10 but remaining close to recent highs, as investors took profits ahead of key US labor market data later in the week. The Greenback remains supported by resilient US activity, firm Treasury yields and expectations that the Federal Reserve (Fed) could keep policy restrictive for longer.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.

USDEURGBPJPYCADAUDNZDCHF
USD-0.36%-0.48%0.11%0.07%0.07%-0.24%-0.32%
EUR0.36%-0.12%0.48%0.42%0.47%0.14%0.05%
GBP0.48%0.12%0.60%0.56%0.56%0.24%0.17%
JPY-0.11%-0.48%-0.60%-0.04%-0.05%-0.37%-0.44%
CAD-0.07%-0.42%-0.56%0.04%0.00%-0.32%-0.41%
AUD-0.07%-0.47%-0.56%0.05%-0.00%-0.31%-0.41%
NZD0.24%-0.14%-0.24%0.37%0.32%0.31%-0.07%
CHF0.32%-0.05%-0.17%0.44%0.41%0.41%0.07%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

EUR/USD recovered some ground near the 1.1420 level as traders digested mixed Eurozone sentiment data and comments from European Central Bank (ECB) President Christine Lagarde at the ECB Forum on Central Banking 2026. Lagarde warned that Europe is more likely to face shocks that push inflation away from the target, adding that the region’s resilience gives the ECB room to raise rates without creating financial stress. Attention now turns to German Retail Sales and preliminary HICP inflation.

GBP/USD edged higher near the 1.3260 price region as the US Dollar (USD) softened, although Sterling’s upside remained limited by caution ahead of fresh United Kingdom (UK) data and broader risk sentiment.

USD/JPY remained elevated near multi-decade highs at 161.90 as the Yen continued to suffer from the wide policy gap between the Federal Reserve and the Bank of Japan (BoJ). The BoJ’s gradual tightening path has done little to offset the Dollar’s yield advantage, keeping Japanese authorities under pressure as markets watch for possible intervention.

AUD/USD fell near the 0.6890 area ahead of the Reserve Bank of Australia (RBA) meeting minutes due early Tuesday. Markets will search for details on the Board’s inflation concerns and whether policymakers still see room for further tightening. China will also be key for the Aussie, with the NBS Manufacturing and Non-Manufacturing PMIs also due on Tuesday.

West Texas Intermediate (WTI) Oil trades muted near the 70.50 price level as renewed concerns over the Strait of Hormuz keep supply-risk premiums alive. However, prices remain below recent highs as investors continue to assess whether tensions in the Middle East will disrupt exports or gradually ease.

Gold came under pressure near the $4,020 level amid a stronger Greenback backdrop and higher rate expectations, reducing demand for the non-yielding metal. Still, geopolitical uncertainty continues to limit deeper losses, with traders watching US jobs data for the next major move.

Author

Agustin Wazne

Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.

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