Here is what you need to know on Friday, August 2: After falling sharply during the Federal Reserve (Fed) event on Wednesday, the US Dollar (USD) staged a rebound but struggled to gather bullish momentum following disappointing US data.
Here is what you need to know on Friday, August 2: After falling sharply during the Federal Reserve event on Wednesday, the US Dollar staged a rebound but struggled to gather bullish momentum following disappointing US data. The US Bureau of Labor Statistics will release July jobs report on Friday, which will feature Nonfarm Payrolls , Unemployment Rate and wage inflation figures.
The pair stays in a consolidation phase at around 1.0790 in the European morning on Friday. Gold closed little changed on Thursday but managed to gather bullish momentum during the Asian trading hours on Friday. At the time of press, XAU/USD was up more than 0.5% on the day, trading slightly above $2,460. Nonfarm Payrolls FAQs What are Nonfarm Payrolls? Nonfarm Payrolls are part of the US Bureau of Labor Statistics monthly jobs report.
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