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Last Friday, USD weakened against NZD, CAD, JPY, CHF while strengthening against GBP, EUR and AUD. The U.S. jobs report released last Friday was overall positive with a higher than forecasted figure of 1.7 million jobs being added. Unemployment rate fell by 0.9% while average hourly earnings increased after two months of decline. Despite the better than forecasted jobs report, employment growth in the U.S. has slowed in July after two months of strong recovery. Moreover, unemployment rate is still far from pre-COVID level and the resurgence in the number of cases in July will prove to be a stumbling block for further recovery. -Average Hourly Earnings m/m (Actual: 0.2%, Forecast: -0.5%, Previous: -1.2%) -Non-Farm Employment Change (Actual: 1763K, Forecast: 1530K, Previous: 4800K) -Unemployment Rate (Actual: 10.2%, Forecast: 10.5%, Previous: 11.1%) Over the weekend, President Trump signed four executive orders that extend pandemic relief after Congress failed to reach an agreement on the expired enhanced employment benefit. Among the four aids is an extension of the unemployment benefit at a reduced $400 per week instead of the previous $600 per week benefit.