In the foreign exchange market for the week that ended on August 10th, the dollar weakened due to the previous week's weaker-than-expected U.S. employment figures, which increased speculation about a U.S. interest rate cut. Meanwhile, the pound strengthened against the dollar following the Bank of England's (BoE) monetary policy decision.

The foreign exchange market faced a series of important events during the week that ended on August 2nd, including the Federal Open Market Committee (FOMC) meeting, the Bank of Japan (BOJ) Monetary Policy Meeting, the announcement of U.S. employment figures, and the tariff agreement between the U.S. and the E.U.

In the foreign exchange market for the week that ended on July 27th, several factors were tangled up, such as the political scene in Japan, the development of U.S.-Japan trade talks and speculation of major central banks' monetary policies. After experiencing significant ups and downs, the USDJPY rebounded as the dollar was bought back late last week. Meanwhile, the EURUSD and GBPUSD advanced but failed to approach recent highs.