China Foreign Exchange Reserves (MoM) rose from previous $3.292T to $3.322T in August
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Editors’ Picks
Gold in record highs, approaches $3,600
Gold’s march north remains unabated on Friday, wih the precious metal trading at shouting distance of the key $3,600 mark per troy ounce on the back of the intense downside pressure on the Greenback and steady expectations of a rate cut by the Federal Reserve as soon as this month.
EUR/USD climbs to five-week tops around 1.1750
EUR/USD maintains its strog recovery well in place and navigates the area of multi-week highs well past 1.1700 the figure on the back of the intense sell-off in the US Dollar, which was exacerbated after US Nonfarm Payrolls came in short of expectations at 22K jobs in August.
GBP/USD looks firm around 1.3550 on softer Dollar
A solid performance of the risk complex lifts GBP/USD well north of the 1.3500 barrier on Friday, hitting at the same time two-week highs and reversing two weekly declines in a row. Despite the robust performance, the Sterling is expected to remain under scrutiny on the back of persistent fiscal concerns back at home.
All eyes on NFP report as Fed rate cut bets intensify
Will August jobs report shock again? It’s almost one month ago that the July payrolls numbers generated not just considerable volatility in the markets but also a lot of controversy, as it offended President Trump’s record on the economy.
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