FX markets

Daily Market View 11-02-2026

Listen to this daily briefing

1:14

USD Softens Ahead of Major Jobs Release Today

1 Minute Market Rundown

The Dollar index is 0.2% down in early trading as delayed US jobs data looms at 13:30.
Initial estimates have a soft 70K jobs added in January and an unchanged 4.4% unemployment rate.
Expected Fed base rate following March Fed meeting fall 6bps in the early hours.

USD-

The market is returning to a more predictable form as economic releases, movements in expected future interest rates and hard data replace politics and sentiment. Partially for the better, partially for the worse, it makes my job easier, but less exciting.

Screenshot 2026-02-11 084736

US jobs added numbers have been trending downwards since the start of 2025 and now generally accumulate sub 100k numbers. But unemployment has been steady, in the low 4% range. This is good enough for the market for now, although serious misses will trigger bets of a lower Fed rate sooner.

Markets Today

*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer or check online for a live quote.

Today's Economic Calendar

Major Economic Releases (All times in GMT)

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