Dollar firm ahead of jobs report – BBH – by hareshmenghani DollarIndex NFP Fed InterestRate Banks
“DXY has risen 3 of the past 4 days and is trading near 106 currently. We maintain our strong dollar call as Fed officials are making it clear that markets misread the Fed’s commitment to lowering inflation. The greenback is also getting more traction as data came in stronger than expected. Today’s jobs data will likely be key for the medium-term dollar“Consensus sees 250k jobs added vs. 372k in June, while the unemployment rate is expected to remain steady at 3.
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