Forecasting the upcoming week: US labor market takes center stage after hawkish Fed split
β’ Investors are shifting focus to US economic data during the first full week of August to determine if the US Dollar can recover from its late-July sell-off. β’ Key market drivers include the ISM surveys, ADP employment figures, and Friday's Nonfarm Payrolls, which will heavily influence the GBP/USD currency pair. β’ In Asia, the USD/JPY pair closed July near 159.10, with traders now awaiting the Bank of Japan's Monetary Policy Meeting Minutes and June Labor Cash Earnings.
fxstreet.com



