Few traders are more in-tune with the news than Adam Button. The co-owner and managing director of ForexLive.com is one of the most-followed sources of live commentary on economic news. Formerly a financial journalist, he was consistently amazed at how often market watchers missed headlines. Mr. Button is also a currency analyst at Intermarket Strategy and was the chief currency strategist at XForex.
Robust US retail sales led to a broad USD bid on Thursday, but FX is pulling back ahead of the weekend, with the exception for the Swiss franc, which is the weakest currency of the past week and month, says Adam Button of ForexLive.com.
The US dollar slid into the non-farm payrolls as fears about a less-healthy US economy continued to percolate, says Adam Button of ForexLive.com.
Powell's Jackson Hole speech was scheduled for Friday but it came with a twist—the live conference was moved to a virtual format, says Adam Button of ForexLive.com.