Fed officials hint at rate cuts while AUD and GBP surge - here's why your dollars matter

The US dollar is having what economists politely call a "challenging week" - though traders might use less diplomatic language. While the greenback wobbles around like a drunk person trying to find their keys, both the Australian dollar and British pound are quietly collecting the scattered bills.

July's employment numbers landed with all the grace of a lead balloon, showing the US labor market cooling faster than coffee left on your desk during a trading session. The non-farm payroll report painted such a grim picture that Fed officials started dropping hints about rate cuts like breadcrumbs...