Goldman Sachs warns: Nonfarm payrolls data may become the trigger for a new round of weakness in the US dollar, with the euro and the yen expected to benefit.

According to the CITIC Securities APP, the latest research report from Goldman Sachs pointed out that the upcoming US employment report for June may become a key turning point for the US dollar. If the data shows that the labor market remains weak, it may further strengthen market expectations for the Federal Reserve to shift to a loose monetary policy, thereby putting downward pressure on the US dollar.