US Dollar Falls to Two-Month Lows Amid Disappointing Jobs Report
The US dollar fell to two-month lows after the July jobs report showed a decline in employment.
The July report indicated a 23k decrease in employment, missing expectations for an 85k increase.
This led to a drop in the USD index, which reached its lowest level since June 15.
The Australian dollar and kiwi were among the gainers, with AUD/USD up 0.5% and NZD/USD up 0.4%, reaching two-month highs.