XAUUSD: Technical analysis of XAUUSD today
The dollar steadied on Friday after losing ground in the previous session on weak jobs data, while sterling edged up following stronger-than-expected growth figures.
At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading just higher at 105.115.
The USD is on track for small gains this week
The USD steadied on Friday and is on course to gain slightly this week after falling on Thursday after data released showing a larger-than-expected gain in {ecl-294||topic data unemployment benefits request}} weekly.
This evidence of a cooling US labor market has bolstered some expectations that the Federal Reserve will begin cutting interest rates in September.
At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading just higher at 105.115.
The USD is on track for small gains this week
The USD steadied on Friday and is on course to gain slightly this week after falling on Thursday after data released showing a larger-than-expected gain in {ecl-294||topic data unemployment benefits request}} weekly.
This evidence of a cooling US labor market has bolstered some expectations that the Federal Reserve will begin cutting interest rates in September.
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