Sterling’s rally stalls as US jobs data reopens Fed debate

The Pound Sterling retreats some 0.09% against the US Dollar as the latest US inflation report reaffirmed what Fed Chair Warsh said that the labour market is “consistent with full employment.” GBP/USD trades near Friday’s opening price of 1.3512. GBP/USD slips as strong US jobs and Fed hawks support Dollar The US Nonfarm Payrolls in […]

Silver bounces from intraday lows as USD retreats from post-NFP highs

Silver (XAG/USD) trades around $66.20 at the time of writing on Friday, down 1.18% on the day, after recovering part of its sharp post-Nonfarm Payrolls (NFP) decline. The precious metal initially tumbled to an intraday low of $64.74 as stronger-than-expected United States (US) employment data boosted the US Dollar (USD) and Treasury yields, before buyers […]

British Pound trims losses against US Dollar after NFP-driven volatility

GBP/USD recovers part of its initial drop on Friday after stronger-than-expected United States (US) employment data briefly lifts the US Dollar (USD). The pair fell to an intraday low of 1.3482 immediately after the release before rebounding. At the time of writing, GBP/USD trades around 1.3512. US Nonfarm Payrolls (NFP) increased by 162K in August, […]