Weak employment data continues to weigh down the US dollar.

Following the release of the weaker-than-expected US non-farm payroll data on Thursday, the US dollar continued to weaken. The data lowered market expectations of an imminent rate hike by the Federal Reserve. However, data from the London Stock Exchange Group still shows a 20% probability of a rate hike in July and a 60% probability of a rate hike in September. Derek Halpenny from Mitsubishi UFJ Bank stated in a report that the interest rate curve is still priced too high, possibly due to the market placing too much emphasis on Fed Chair Kevin Walsh's comments in the June meeting about maintaining price stability. He suggested that the Fed may keep rates unchanged, possibly until the end of the year. The DXY US dollar index fell by 0.1% to 100.779, after hitting a two-week low of 100.558 on Thursday.