US Nonfarm Payrolls and USD Impact💱 Forex

USD Weakens Ahead of US NFP, Rate Cut Bets Rise

SentiSignal Editorial TeamFebruary 11, 2026, 12:02 PM176 words10 sources

USD Weakens Ahead of US NFP, Rate Cut Bets Rise

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The US Dollar is broadly weakening as markets anticipate potential interest rate cuts by the Federal Reserve, fueled by recent economic data. January's Nonfarm Payrolls (NFP) report is highly anticipated and could significantly impact the dollar's trajectory. Recent data, including flat US retail sales and slowing employment cost increases, suggest a cooling US economy, increasing expectations for Fed easing. Strategists predict a potential 10% decline in the dollar this year if the Fed cuts rates more aggressively, potentially even a third cut in 2026. However, some anticipate a short-term rebound of 2-3% if upcoming data remains strong. The appointment of Kevin Warsh as potential Fed chair has also dampened expectations for rate cuts, causing a dip in gold and silver markets. Several currencies, including the Australian Dollar, New Zealand Dollar, Swiss Franc, and Chinese Yuan, are gaining against the USD, driven by factors like capital repatriation to China, strong Nikkei rally, and dovish Fed expectations. Concerns about US Treasury exposures and the dollar's dominance are also emerging, with Chinese officials advising banks to limit their holdings.

Source Articles

This article is based on analysis of 31 source articles from our news database.

1
Dollar may fall 10% this year if Fed cuts more than expected, says strategist
Investing.com·Vlad Schepkov·investing.com·Feb 10, 2026
2
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons
InvestMacro·investmacro.com·Feb 10, 2026
3
Many Data Releases and a Chinese Warning about U.S. Treasury Exposures and the Dollar
Currency Thoughts·Larry Greenberg·currencythoughts.com·Feb 10, 2026
4
NZD/USD climbs to two-week top, around 0.6065 as USD remains depressed ahead of US NFP
FXStreet·Haresh Menghani·fxstreet.com·Feb 11, 2026
5
USD/JPY picks up to the 153.25, but maintains a strong bearish bias
FXStreet·fxstreet.com·Feb 11, 2026
6
EUR/NOK: Inflation surprise challenges rate-cut hopes – Societe Generale
FXStreet·fxstreet.com·Feb 10, 2026
7
USD/CHF tests key technical level as Swiss Franc look for the next leg
FXStreet·Joshua Gibson·fxstreet.com·Feb 10, 2026
8
AUD/USD Price Forecast: Climbs beyond 0.7100, fresh three-year peak before US NFP
FXStreet·Haresh Menghani·fxstreet.com·Feb 11, 2026
9
USD/CNY: Yuan rally nears key 6.90 threshold – Societe Generale
FXStreet·FXStreet Insights Team·fxstreet.com·Feb 10, 2026
10
EUR/USD clings to gains with all eyes on US Nonfarm Payrolls data
FXStreet·fxstreet.com·Feb 11, 2026
11
US Dollar Index declines ahead of NFP release
FXStreet·Akhtar Faruqui·fxstreet.com·Feb 11, 2026
12
Asia FX firms as dollar weakens ahead of payrolls; yuan steady after soft CPI
Investing.com·Scott Kanowsky·investing.com·Feb 11, 2026
13
Economic data to drive U.S. dollar moves - BofA Securities
Investing.com·Peter Nurse·investing.com·Feb 10, 2026
14
Pound Sterling Price News: GBP/USD slips below 1.3700 as weak US data meets UK political jitters
FXStreet·fxstreet.com·Feb 10, 2026
15
USD: Pivotal payrolls steer recovery prospects – ING
FXStreet·FXStreet Insights Team·fxstreet.com·Feb 11, 2026
16
EUR/USD slips below 1.1900 as hawkish Fed pushback lifts Dollar
FXStreet·Christian Borjon Valencia·fxstreet.com·Feb 10, 2026
17
NZD/USD hamstrung near 0.6050 with US NFP in the barrel
FXStreet·Joshua Gibson·fxstreet.com·Feb 10, 2026
18
GBP/JPY dives to nearly two-month low, around mid-209.00s amid notable JPY strength
FXStreet·Haresh Menghani·fxstreet.com·Feb 11, 2026
19
GBP/USD pulls back from the brink of a fresh bull run
FXStreet·Joshua Gibson·fxstreet.com·Feb 10, 2026
20
United States Business Inventories registered at 0.1%, below expectations (0.2%) in November
FXStreet·fxstreet.com·Feb 10, 2026
21
US Dollar Index weakens to near 96.50 as Retail Sales stall, all eyes on US NFP data
FXStreet·Lallalit Srijandorn·fxstreet.com·Feb 11, 2026
22
US Treasury yields sink as soft data fuels Fed easing bets
FXStreet·Christian Borjon Valencia·fxstreet.com·Feb 10, 2026
23
EUR/USD: Stronger Euro seen as disinflationary but manageable – Nomura
FXStreet·FXStreet Insights Team·fxstreet.com·Feb 11, 2026
24
USD/JPY declines as US Dollar falters on soft data, Yen gains stability
FXStreet·Ghiles Guezout·fxstreet.com·Feb 10, 2026
25
EUR/USD trims losses as disappointing US Retail Sales pressure the Greenback
FXStreet·fxstreet.com·Feb 10, 2026
26
USD/INR steadies as Indian Rupee gains on equity inflows, US Dollar weakness
FXStreet·Akhtar Faruqui·fxstreet.com·Feb 11, 2026
27
Forex Today: US Dollar stabilizes ahead of US NFP
FXStreet·Agustin Wazne·fxstreet.com·Feb 10, 2026
28
GBP/USD Price Forecast: Remains above nine-day EMA near 1.3650
FXStreet·Akhtar Faruqui·fxstreet.com·Feb 11, 2026
29
US Nonfarm Payrolls expected to rise by 70K in January
FXStreet·FXStreet Team·fxstreet.com·Feb 11, 2026
30
Forex Today: US Dollar under pressure ahead of critical jobs data
FXStreet·Eren Sengezer·fxstreet.com·Feb 11, 2026
31
Event Guide: U.K. GDP Report (December 2025)
Learn Forex Trading With Babypips·Pippo·babypips.com·Feb 11, 2026

About this analysis

This analysis was produced by SentiSignal’s 6-stage editorial pipeline: topic detection across 180+ verified news sources, semantic source selection (Qdrant vector search), enrichment with proprietary price and sentiment data collected in our platform, AI-assisted synthesis (Google Gemini), self-review, and editorial fact-checking before publication. Sentiment scores combine VADER lexicon analysis with LLM classification, weighted by source credibility.

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