Forexlive Americas FX news wrap: EURUSD breaks out. Approaches 1.1000

Forex news for trading on May 4th, 2017
In other markets today:
– Crude oil tumbled lower. It trades at $45.41 in after hours trading, down -$2.40 or -5.0%
– Spot gold is lower by -$9.50 to $1228.76.
Economic releases in the US today showed unit labor costs rising by 3.0% for the 1Q, but that lowered productivity by -0.6%.