Dollar Weakens on Limited Job Data Support; EUR/USD, GBP/USD, and USD/JPY Highlight Key Currencies

U.S. dollars posted a slight decline on Thursday, February 12, 2026, as continued pressure outpaced limited support from stronger-than-expected January jobs. The Dollar Index (DXY) fell 0.1% to 96.93, ending the session with about 1% net weekly loss. The strong January employment data—growth accelerating and the unemployment rate at 4.3%—provided only limited tailwinds. Traders are revising down expectations for further Federal Reserve rate cuts, with ING noting that the initial gains were offset by continued strength in short-term U.S. interest rates and broader sell pressure on the dollar. Key attention shifts to Friday’s CPI report to gauge further Fed policy direction. Cross-currency highlights: EUR/USD near 1.1869, GBP/USD near 1.3616, and USD/JPY触及 152.72, with the latter hitting a three-week low.