| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 06:30 | Switzerland | Consumer Price Index (MoM) | July | 0% | -0.2% | -0.2% |
| 06:30 | Switzerland | Consumer Price Index (YoY) | July | 1.3% | 1.3% | 1.3% |
USD fell against most of its major rivals in the European session on Friday as investors waited for the release of the U.S. July employment situation report later in the day.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, dropped 0.29% from the previous close to 104.12.
Economists expect today's employment report, scheduled to be released at 12:30 GMT, will show a slowdown in hiring to 175,000 last month from 206,000 in June and a deceleration in wage growth to 3.7% YoY from 3.9% YoY.
If the data come weaker than expected this will add to growth concerns, which heightened on Thursday after the ISM’s survey revealed the U.S. manufacturing activity contracted sharply in July, raising questions about whether the Federal Reserve is reasonable in waiting until September to start policy easing.