XE Market Analysis: North America – Jul 09, 2018

The dollar traded softer against most currencies as markets continued to digest Friday’s U.S. jobs report, the robustness of which lifted global equity markets (taking investors attention off trade protectionism concerns for now) while keeping the Fed tightening expectations at bay (due to the benign wage growth component). The dollar lost ground to most emerging market currencies, which were aided by a firmer yuan today, and lost over 0.5% to the Australian dollar, which has outperformed among the main currencies.