Dollar Range Tightens as Strong January Jobs Data Reshape Fed Rate Outlook
U.S. dollar remained range-bound Wednesday, February 11, as upbeat January nonfarm payrolls led traders to下调 expectations for Federal Reserve rate cuts. At close, the Dollar Index (DXY) rose 0.1% to 96.87. January nonfarm payrolls increased 130,000 vs. a 66,000 median forecast; the unemployment rate fell to 4.3% from 4.4%. Strong labor data, with inflation broadly in line with expectations, reduced cut anticipation and lifted U.S. Treasury yields. Senior economist Jose Torres of Interactive Brokers noted that while Treasuries are higher, the dollar weakened as policy makers may still seek to lower borrowing costs. The Federal Open Market Committee kept rates at 3.50%–3.75% percent, characterizing labor markets as stabilizing. However, White House economic advisor Kevin Hassett warned AI-driven productivity gains could temper job growth in coming months. The key catalyst for policy outlooks will be Friday’s consumer price index (CPI). <emphasis>截至2026-02-12 06:00 UTC:</emphasis> <ul> <li>DXY: 96.92, +0.01 pt</li> <li>EUR/USD: 1.1870, -0.0084%</li> <li>GBP/USD: 1.3622, 0.00%</li> <li>AUD/USD: 0.7119, -0.08%</li> <li>USD/CAD: 1.3566, -0.04%</li> <li>USD/JPY: 153.13, -0.06%</li> </ul>