It’s not exactly a rock ‘n roll session but the US dollar has still managed to find itself at the bottom of the pile. The main focus of the Fed and markets remains US employment and one of the key metrics showing improvement is the weekly jobless claims report.
I suspect the risk is that we see a rebound. Plant re-tooling and summer shutdowns make it difficult to seasonally adjust, however, a continued drop would give the US dollar a much-needed lift.
