The Dollar Was A Little Soft Overnight

The Dollar was a little soft overnight, as we head into a new week in the U.S. Although the summer lull may continue for a few more sessions, the coming week may be the most important before the Fed's next meeting on September 20th . In terms of releases, the calendar has three major releases: 2nd Quarter GDP, which is expected near 3% annually; chain-weighted inflation for Q2, which is expected at 3.3%; and most importantly, non-farm payrolls on Friday, which is expected to show an increase of 120k new jobs. Of particular importance for the Fed will be the chain-weighted inflation measure, often cited as their preferred measure, and the always-instructive non-farm payroll figure. Read More....