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Fed's Bostic admits Fed is in a "difficult environment" as jobs data flashes warning signs
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic noted on Friday that the latest round of US Nonfarm Payrolls (NFP) jobs data, including revisions, is certainly cause for rate conversation at the Fed, but inflation metrics are still an ingoing concern, especially as the Trump administr
EUR/GBP soars to 0.8710 as US jobs disappoint, BoE rate cut in focus
The EUR/GBP rallied sharply on Friday as the Bank of England's (BoE's) next week's monetary policy decision looms, and a worse-than-expected Nonfarm Payrolls report in the United States (US), sparked talks about a possible "stagflation" scenario in the US.
NZD/USD bounces from two-month low as soft NFP data triggers US Dollar sell-off
The New Zealand Dollar (NZD) recovers from a two-month low on Friday as the US Dollar (USD) weakens broadly following a disappointing July Nonfarm Payrolls (NFP) report.
Fed's Hammack: Job market is still healthy and in balance but should be watched
In an interview with Bloomberg TV on Friday, Federal Reserve Bank of Cleveland President Beth Hammack noted that the July jobs data was disappointing, per Reuters.
Swiss Franc strengthens as USD stumbles on NFP shock
The Swiss Franc (CHF) strengthens against the US Dollar (USD) on Friday as the Greenback comes under heavy pressure following the release of the July Nonfarm Payrolls (NFP) report.
US ISM Manufacturing PMI fell to 48.0 in July
In July, the US manufacturing sector's economy lost some momentum. The ISM Manufacturing PMI dropped from 49.0 in June to 48.0, which was also lower than analysts' predictions of 49.5.
US Dollar Index slides to two-day lows on gloomy NFP
The Greenback, when tracked by the US Dollar Index (DXY), rapidly left behind the area of recent lows and slipped back to the vicinity of the 99.00 neighbourhood at the end of the week.
Euro rebounds sharply as US Nonfarm payrolls disappoint, rate cut bets surge
The Euro (EUR) reverses sharply against the US Dollar (USD) on Friday after the July Nonfarm Payrolls (NFP) report surprised to the downside, catching markets off guard.
Canadian Dollar rebounds as dismal NFP data weighs on USD
The Canadian Dollar (CAD) erased a portion of its weekly losses against the US Dollar (USD) on Friday following the disappointing July employment report from the US. At the time of press, the USD/CAD pair was trading at 1.3795, losing about 0.5% on a daily basis.
AUD/USD retargets 0.6500, Dollar melts post-NFP
The now widespread recovery in the risk-linked galaxy lends extra oxygen to the Australian Dollar (AUD), sending AUD/USD back to the proximity of the key resistance area around 0.6500 on Friday.
USD/JPY slumps below 149.00 after weak US employment data
USD/JPY turned south in the early American session on Friday as markets reacted to the July employment data from the US. At the time of press, the pair was trading at 148.80 losing 1.3% on a daily basis.
GBP/USD reclaims 1.3200 and beyond on poor US Payrolls
The Sterling now gathers some fresh traction and lifts GBP/USD back to the positive territory beyond 1.3200 the figure following the abrup loss of momentum in the Greenback in the wake of the publication of the US jobs report.
Silver Price Forecast: XAG/USD breaks below ascending channel support, NFP in focus
Silver (XAG/USD) continues to struggle under the weight of a stronger US Dollar, extending its decline from the 14-year high of $39.53 reached on July 23.
Fed's Bowman: Upside risks to price stability have diminished
In a statement published on Friday, Federal Reserve (Fed) Governor Michelle Bowman explained why she voted in favor of a 25 basis points (bps) rate cut at the July policy meeting.
JPY outperforming as haven demand returns following hiatus - Scotiabank
The Japanese Yen (JPY) is up a modest 0.2% against the US Dollar (USD) but outperforming all of the G10 currencies in classic risk off trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fed's Waller: Tariffs are one-time price event that policymakers should look through
In a statement published on Friday, Federal Reserve (Fed) Governor Christopher Waller explained why he voted in favor of a 25 basis points (bps) rate cut at the July policy meeting.
GBP extending bear run - Scotiabank
The Pound Sterling (GBP) is weak, down 0.4% against the US Dollar (USD) and underperforming most of the G10 currencies as we head into Friday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Gold struggles near $3,300 as strong US Dollar cap upside, NFP in focus
Gold (XAU/USD) is treading water on Friday, hovering near $3,300 during the European trading hours as a resilient US Dollar (USD) caps gains in the precious metal.
EUR consolidating above 1.14 for second consecutive session - Scotiabank
The Euro (EUR) is quietly consolidating just above 1.14 against US Dollar (USD), trading in an exceptionally tight range for a second consecutive session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
NZD/USD: The next major support at 0.5845 is unlikely to come into view - Scotiabank
New Zealand Dollar (NZD) is expected to decline further to 0.5845, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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