Forex news for traders on April 17, 2017.
In other markets:
– Spot gold $1284.50, down -$1.24
– WTI crude oil $52.75, down -$0.40
– S&P index up 0.86%. Nasdaq up 0.89%. Dow up 0.90%.
It was Easter Monday in Europe today. So activity had the potential to be choppy in the currency markets today. Empire Manufacturing came out weaker than expected at 5.2 vs 15.0 estimate. That helped to give the dollar some weakness. However, the JPY pairs did not follow the dollar lower. In fact early on, the USDJPY moved higher and that also dragged the JPY crosses higher. It seemed that the flows were involving JPY and with low liquidity, that can drive a market.