FX Weekly Recap: July 1 – 5, 2024

July 6, 2024 4:00 am

Focus on global politics and weak U.S. labor market data weighed on safe havens and helped risk-related currencies this week. The U.S. dollar and Japanese yen were dragged lower by weak U.S. reports and a lack of jawboning from Japanese officials. Meanwhile, European currencies like the euro and British pound were supported by decisive and expected parliamentary election results from France and the U.K. Read on to see the economic headlines for the week and how the major FX pairs performed.

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