--- title: "U.S. Dollar Index Sinks to Three-Month Low After Weak Job Data; BTC Slumps as Gold Rises" type: "News" locale: "en" url: "https://longbridge.com/en/news/296133896.md" description: "The U.S. Dollar Index hit a three-month low after weak July employment data, with nonfarm payrolls falling by 23,000 and significant revisions to prior months. Unemployment rose to 4.1%, retail sales dropped, and inflation cooled, reducing expectations for a September rate hike. Consequently, gold surged to $4,407 per ounce, while Bitcoin slumped slightly despite the weaker dollar." datetime: "2026-08-17T17:11:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296133896.md) - [en](https://longbridge.com/en/news/296133896.md) - [zh-HK](https://longbridge.com/zh-HK/news/296133896.md) --- # U.S. Dollar Index Sinks to Three-Month Low After Weak Job Data; BTC Slumps as Gold Rises The U.S. Dollar Index (DXY) fell to a three-month low on Monday after new economic reports showed a sudden drop in American employment. The Bureau of Labor Statistics reported that nonfarm payrolls fell by 23,000 in July, while earlier data for May and June saw a total downward revision of 103,000 jobs. The national unemployment rate reached 4.1%. ### Summer Sale - Claim 70% Off TipRanks - Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions - Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks Consumer spending slowed as retail sales fell 0.6% in July. Annual consumer price growth cooled to 3.4%, with core inflation reaching 2.5%. These weak numbers led traders to cut expectations for a September rate hike down to 30%, pulling down the dollar spot index for a third straight trading session. ## **Gold Surges While Bitcoin Trading Volume Remains Low** A weak dollar typically supports alternative store-of-value assets, but Bitcoin (**BTC-USD**) did not follow the broader market trend. Gold prices (**CM:XAUUSD**) rose to $4,407 per ounce, completing a 9.3% gain over the past month. Over that same period, Bitcoin lost 0.5% of its value and rose 1.9% on the day to trade near $64,038. ### Related Stocks - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [UUP.US](https://longbridge.com/en/quote/UUP.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [GLL.US](https://longbridge.com/en/quote/GLL.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [USDU.US](https://longbridge.com/en/quote/USDU.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [GOLD.AU](https://longbridge.com/en/quote/GOLD.AU.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [BTCHKD.VAHK](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/en/quote/BTCUSD.VAHK.md) ## Related News & Research - [Paul Tudor Jones Is Buying Bitcoin ETF IBIT Again — But His Trade Has Changed](https://longbridge.com/en/news/296136074.md) - [Fundstrat Sees 30% Swing In Bitcoin’s Price](https://longbridge.com/en/news/296239209.md) - [AVAX One Q2 revenue rises on staking rewards, bitcoin mining](https://longbridge.com/en/news/295841406.md) - [Metaplanet To Invest 2,100 Bitcoin In Super League To Launch U.S. Bitcoin Treasury Platform, Superplanet](https://longbridge.com/en/news/296229129.md) - [Nakamoto reports Q2 net loss of $133 mln](https://longbridge.com/en/news/295800977.md)