Silver hovers above $38

Silver is hovering above the $38.00 area for the second consecutive day, consolidating losses after a significant reversal at the end of last week, as strong US macroeconomic data curbed hopes of

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Dollar rallies against yen

The US Dollar extended its rally against the Japanese Yen for the second consecutive day on Friday. The currency pair has erased weekly losses and is nearing 148.00 from Thursday’s lows below

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Sterling weakens on downbeat UK retail sales

The EURGBP cross remains firm around 0.8705 during early European trading on Friday, as the Pound Sterling weakens against the Euro after the weaker-than-expected UK economic data. The IFO business sentiment index report from Germany will also be released

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