The US dollar finished last week on a weak footing in the wake of last week’s important US event risks, including a semi-hawkish rate cut from the Powell Fed (a 25-bp cut, but insistence that they wanted to avoid signaling further easing now, with future policy decisions contingent on incoming data), a much stronger than expected payrolls figure for October on Friday (especially due to strong revisions to prior two month’s data of +95k) and a slightly weaker than expected October ISM Manufacturing survey the same day. But the price action is still relatively tepid at best and most USD pairs have yet to administer the ... (full story)