US Dollar slips broadly as traders lock in September Fed cut bets

The US dollar weakened across the board on Friday as traders fully priced in a Federal Reserve rate cut at the September meeting.

The move followed a softer-than-expected employment report, which added to a string of recent data pointing to a cooling labor market.

Treasury yields slid alongside the dollar, with the 2-year note leading declines as short-end rates adjusted to the more dovish outlook.

Traders are now looking to next week's inflation data as the next key input for confirming the pace of Fed easing.