It has been a while since USD bulls were inspired by NFP
releases and they were finally moved last Fri. Jul saw an addition of
209K, well above the median forecast of 180K but still lower than the
previous 222K (which was revised higher to 231K). The USD strengthened
against all the major currencies with DKK, EUR, GBP affected most amongst
the G10s. The mention of tax reform by year-end from White House Economic
Adviser Gary Cohn gave the DXY index another lift ...