 Dollar rebounded in early US session following the better-than-expected June non-farm payrolls report, further reversing much of the week's earlier weakness. While not a blowout, the report showed a labor market that remains fundamentally resilient, and significantly reduces pressure on the Fed to pull the trigger at the July meeting. Fed Chair Jerome Powell and his like-minded colleagues have been clear they want more clarity on trade policy and inflation before moving. Today’s data buys the Fed more time to assess broader risks. The drop in wage growth could help the case for resuming cuts later this year, but not imminently. On Capitol Hill, political developments are also in focus. House Republicans overnight broke a legislative deadlock and advanced President Donald Trump’s massive tax-and-spending bill. With the Senate already having passed the measure, attention turns to a final House vote, potentially before July 4. In currency markets, Dollar is leading gains today, and it's no longer at the bottom of the weekly performance ladder. Loonie and Sterling are also firming, while Kiwi, Yen, and Aussie lag. Euro and Swiss Franc are positioning in the middle..... | 
