 Dollar remains subdued today, but selling momentum has turned weak. With US markets closed for the holiday, trading activity is expected to be light. Meanwhile, traders are also gearing up for tomorrow's key US non-farm payroll data, which will be crucial. Further cooling in the job market and wage growth is needed to give Fed policymakers the confidence to start cutting interest rates in September. Swiss Franc had a brief dip following lower-than-expected inflation data but quickly regained ground. It might be premature to determine if SNB will lower interest rates again in September. Additionally, with the French elections looming this weekend, Swiss Franc traders are likely to remain cautious as risk sentiment could flip dramatically... |
