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“Market participants stayed on the sidelines ahead of the US data.”
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“Any reports that suggest a strong U.S. economy will re- ignite expectations of further Fed rate increases. That will trigger dollar-buying.”
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“The US currency has come under pressure on speculation of a pause in the US monetary tightening cycle together with the increase in the US current account deficit, which the market usually shrugs off.”
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“There may be some comments or text which will offer Fed views on the recent soft economic data and monetary policy.”
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“Other than the U.S. payrolls data, there isn't any fresh market-moving factor.”
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“Other than that, there isn't much movement in the market.”
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