USD mixed as job data tempers Fed cut expectations, official sounds dovish

The US dollar showed mixed performance as conflicting signals from employment data and Federal Reserve commentary created uncertainty in forex markets. Mixed job market indicators have dampened expectations for aggressive Fed rate cuts, providing some support for the greenback. However, dovish comments from a Fed official have offset this hawkish interpretation, leaving traders cautious about the central bank's policy trajectory. The contrasting signals have resulted in choppy price action across major dollar pairs as market participants struggle to determine the Fed's next move. Currency markets remain in a wait-and-see mode, with sentiment staying cautious amid the conflicting fundamental drivers. Traders are likely to remain on the sidelines until clearer signals emerge from upcoming economic data or additional Fed commentary to provide better directional clarity for dollar positioning.