Soft nonfarm payrolls data and a weak factory orders report kept the US dollar under pressure Thursday. The Swiss franc was the top performer while the Aussie lagged. Australian retail sales are due up next. Our Premium long AUDNZD hit its final 1.1400 target from the 1.1040 entry of June 11 . EURCAD breaks out of 200-DMA congestion after surviving neckline support, now +125 pips in the green.
The US dollar headed toward an Independence Day long weekend on a sour note after a disappointing jobs report. Payrolls were just shy of the consensus at 223K but soft wage growth, labor force participation and large negative revisions to the two previous months hurt the dollar.