Forex news for US trading on June 29, 2016:
Markets:
– Gold up $6 to $1318
– WTI crude up $1.68 to $49.53
– S&P 500 up 35 points to 2071
– US 10-yaer yields up 4 bps to 1.51%
The hope that Britain can either craft a largely-similar trade deal or avoid a Brexit continues to boost risk assets. There’s no evidence to support it as European leaders continue to drive a hard line and Conservative leadership candidates stay quiet.
