The U.S. jobs report defied the market’s downside fears with solid July job gains, and allowed the Dollar to rally into the weekend. While the NFP outcome was a bit light of consensus forecasts, it was good enough for markets to breath a sigh of relief. The DXY rallied from early 93.01 lows, later touching a high of 93.62. EUR-USD fell from an opening high of 1.1846 to a 1.1755 low, as USD-JPY headed from 105.60 low to a peak of 106.06. USD-CAD bottomed at 1.3323, later rallying to 1.3399 highs. GBP-USD moved from 1.3110 to 1.3010.
[EUR, USD]