DXY Tumbles on NFP Shock: Fed Hike Bets Trimmed, Major Pairs React

The DXY tumbles 0.36% to 99.58 after a weaker-than-expected NFP report trims Fed hike bets. This shift in monetary policy expectations is weakening the dollar across major pairs, with EUR/USD and GBP/USD gaining, and USD/JPY falling. Technicals show strong bearish momentum for DXY. FX Market Analysis indicates a potential inflection point for the dollar, urging caution on long USD positions and favoring tactical shorts.