- The US Dollar sees back in the green and snapping this week’s losing streak.
- The Nonfarm Payrolls revision comes in at -818,000, less than the projected -1,000,000 number.
- The US Dollar index trades near 101.50, with a long road to recovery ahead.
The US Dollar (USD) is back to flat, residing near the opening level of 2024 and could still see this year’s performance turn negative. A very specific element that draws attention, is that again spot on at 12:30 GMT, the US Dollar selling frenzy takes place. This could point to US hedge funds that are being very active for a third day in a row, seeing the recent moves in speculative futures positionings from hedge funds on Japanese Yen, US Dollar and Euro.
On the economic data front, the Federal Open Market Committee (FOMC) Meeting Minutes for July will be published, although these are not expected to…
