U.S. Dollar Falls 0.3% on June 29, Ending Two-Week Rally as Markets Eye Jobs Data

The U.S. dollar weakened on Monday (June 29), ending a two-week rally, with the DXY dollar index sliding 0.3% to 101.11. Over the past two weeks, the index had accumulated a 1.6% gain. Markets have shifted focus to this week's U.S. labor data, including April JOLTS job openings on Tuesday, the ADP employment report on Wednesday, and May nonfarm payrolls on Thursday, to gauge future monetary policy direction.

The Japanese yen continued to weaken, hitting a 36-year low against the dollar at 161.93, prompting heightened vigilance from Japan's government. The euro rose 0.4% to $1.1424, and sterling climbed 0.4% to $1.3259.