FX.co ★ DXY Strengthens after Payrolls Numbers

The US dollar index experienced an increase of over 0.4%, reaching above 99.1 on Friday following the latest US employment data. The figures revealed an addition of 139,000 jobs in May, slightly surpassing the 126,000 jobs that economists had predicted. However, a downward adjustment of April's employment numbers curbed some of the initial enthusiasm. This report emerges amid recent indications of a decelerating US economy, raising concerns about the effects of ongoing tariff negotiations and potential future actions by the Federal Reserve. Meanwhile, tensions between President Trump and Elon Musk appeared to have diminished, and a meeting between US and Chinese officials regarding trade is anticipated to occur within the next week. Despite Friday's uptick, the dollar is still projected to record a minor weekly loss.