NEWS | 09/02/2025 09:00:57 GMT
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By FXStreet Team
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Editors’ Picks
GBP/USD slumps below 1.3400 on UK bond market turmoil
GBP/USD extends its daily decline and trades at its lowest level since early Augustbelow 1.3400, pressured by renewed jitters in the UK bond market. Surging long-dated UK giltyields unnervemarkets, smashing Pound Sterling, while market focus shifts to US ISM Manufacturing PMI report.
EUR/USD stays below 1.1650 ahead of US data
EUR/USD stays under strong bearish pressure and trades below 1.1650 on Tuesday. Annual HICP inflation in the Eurozone edged higher to 2.1% in August from 2% in July, but failed to support the Euro. The US Dollar attracts relentless buying interest before the US ISM Manufacturing PMI, weighing heavily on the pair.
Gold corrects lower after setting new record-high above $3,500
Gold corrects lower but stays in positive territory afternotching a new all-time-highabove $3,500 earlier in the day.The strong recovery seen in the US Dollar caps XAU/USD’s upside but the risk-averse market atmosphere helps the precious metal hold its ground.
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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