Reuters: US dollar gains after Friday's slump as Fed cuts loom; Swiss franc drops

July’s rebound in the dollar ran into a wall last week, but so far there’s no sign of a big jump in any risk premium for holding U.S. assets, said Karl Schamotta, chief market strategist, at Corpay in Toronto. "Strong corporate earnings are - so far - managing to overshadow fears of an incipient slowdown in labour markets, the impact of higher tariffs, the threat to the independence of U.S. statistical agencies, and the growing likelihood that the next Fed chair tries to lead monetary policy in an inflation-boosting dovish direction," he said. “With early-autumn market outcomes likely to hinge on who Trump appoints to head the BLS (Bureau of Labor Statistics) and join the Fed in the coming weeks, traders are keeping their powder dry for now. Demand for safe-haven currencies is holding steady and flows into U.S. financial markets are continuing."

Reuters: US dollar gains after Friday's slump as Fed cuts loom; Swiss franc drops