Weak US data could push dollar down, benefiting gold and oil; potential slowdown in economy.

From Investing.com: 2025-06-30 08:23:00

The US Dollar Index (DXY) has broken support at 97.5 and is trading below that level. Weak US data expected this week could push the dollar down, benefiting gold and oil. Non-Farm Payrolls (NFP) measures new job creation in the US and is forecasted to be lower than last month. If data is worse, the US economy may be slowing down, leading to a weakening dollar. Gold is supported at $3249 and could rise if the dollar weakens. Oil is trading around 64 support with no major news to trigger a breakout. Traders should wait for clear signals before entering trades.



Read more at Investing.com: US Dollar: Downtrend Could Accelerate Following NFP Data This Week