U.S. adds 110,000 jobs in July, unemployment rate rises to 4.2%, with Fed watching closely.

The U.S. is expected to add around 110,000 jobs in July, a slight drop from June's 147,000, with the unemployment rate rising to 4.2%. Despite tariff concerns, the US Dollar is gaining strength, influenced by solid GDP growth and the upcoming NFP report. The Federal Reserve has a wait-and-see approach, with a decision on interest rates likely at the September meeting. The NFP data will be key in shaping the Fed's decisions and market reactions.