Macro Transmission Monitor: USD Resilience Amid Soft Labor Data
The macro transmission chain rotated back toward USD resilience last week as labor-market data softened but remained robust enough to sustain economic confidence.
According to the Global Macro Transmission Monitor for the week ending July 3, 2026, the transmission chain shifted back toward USD resilience.
Labor-market data softened over the period but remained sufficiently robust to support broader economic confidence, preventing a significant shift in risk sentiment.
The report highlights that the dollar's strength was sustained despite the mixed signals, with markets continuing to price in a steady outlook.
Source: FXStreet Forex News