Fundamental OverviewThe USD weakened across the board last Friday following the soft US NFP report. The data showed some more labour market cooling with an increase in the unemployment rate and a decrease in wage growth. We basically have an economy that is slowing but still growing. We will see if the market will be able to keep the positive sentiment on soft landing hopes or start to worry about a recession. Yesterday, Fed Chair Powell testified to Congress but he didn't offer anything in terms of forward guidance as they want to see more data before signalling any action. The GBP, on the other hand, gained last week against the US Dollar mainly because of the risk-on sentiment as the US d
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