Fed's Powell: US jobless rate underestimates labour market slack

FXStreet (Bali) - Fed's Powell is crossing the wires, noting that the US unemployment rate underestimates labor market slack, adding that job creation has been solid, and looks set to continue on a sustainable path. Powell also said that the natural unemployment rate may now be as low as 5% or less.

Feb 9, 2015

GBP/JPY contained by 180.20

The British pound is trading under pressure against the Japanese yen; however, the pair seems to be well contained by the 180.20 level as the GBP/JPY is bouncing again at this level.

Session Recap: Euro erases intraday losses

The American session passed without major events to report, with the euro staging a recovery and erasing early losses against major competitors.