USD Bulls Case Builds - Though NFP Decides Its Fate
US Dollar Index® Futures ICEUS_DLY:DX1!
With Fed fund futures implying a 54% chance of a September hike, today's NFP report could decide which side of 50% those odds shift by the weekly close. The US dollar has been battered but showing signs of promise around support - so I take a closer look at the dollar index, NFP data and a high-level view of FX majors.
MS