Dollar Mixed as Focus Turns to Employment Data Again Dollar was mixed last week as traders sharply pushed back expectations of a September rate hike by Fed. By the end of the week, the markets are pricing in only 28% chance of September hike, comparing to around 50% at the start of the week. A major trigger in the change in expectations was the weak wage rise in Q2. The employment cost index rose a mere 0.2% in Q2, the lowest on record since 1982. Meanwhile, earlier in the week, FOMC sounded non-committal in its statement and noted that "some further improvement in the labor market" is needed before hiking. There were increasing expectations that Fed could indeed hike in December and markets are pricing in near 70% chance at or before December meeting. While the greenback ended July as the strongest major currency, it will need a strong non-farm payroll report to be released this week, in particular with solid wage growth, to extend its strength into August. Full Report Here... | 
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