A Bloomberg gauge of dollar strength is on track for its longest weekly winning streak since February as the strength of the US economy crushed any remaining hopes of near-term Federal Reserve policy pivot. The benchmark rose nearly 0.8%, to the highest level in more than a month, after an advance in nonfarm payrolls Friday. Odds of a Fed rate cut were pushed out after the report with the swaps market now pricing in the first full 25 basis point rate-cut from the Federal Reserve no earlier than December. “July is absolutely out of the picture,” Jayati Bharadwaj, foreign-exchange strategist at TD Securities, said of ... (full story)