What you need to know on Tuesday, August 31:
The week started in slow motion amid a UK holiday and a slim macroeconomic calendar. Speculative interest has already taken in the dovish stance of Federal Reserve Chairman Jerome Powell, and attention has turned to US employment data to be released later in the week.
The dollar oscillated between gains and losses, but maintained its inherent weakness against most of its main rivals. EUR / USD held below 1.1800, while GBP / USD hovered around 1.3760, unchanged for the day.
Gold prices rose on the day, supporting the CAD, but gold fell back towards $ 1,808 a troy ounce, which weighed on the Australian dollar. AUD / USD ended the day below 0.7300.
Overall, data from the EU and the US were tepid, fueling concerns about economic growth.
US Treasury yields fell as investors slowly turn cautious ahead of the US nonfarm payroll report due out next Friday.
Wall Street closed mixed, with the DJIA losing some ground, but the S&P and Nasdaq Composite hit new all-time highs.
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