Payrolls rose by 73,000, down from 147,000 in June, and from the 110,000 gain forecasted.Before we dive into the key event of the week, the downside surprise in the July US payrolls data deserves note. The release offered market participants a clear-cut opportunity to trade out of, which, let’s face it, has been few and far between of late, given global uncertainty surrounding US President Donald Trump’s tariffs.The US dollar (USD) and, in particular, the front end of the yield curve, tanked fol