Forex news for US trading on February 16, 2017:
Markets:
– Gold up $6 to $1239
– WTI crude up $0.31 to $53.42
– S&P 500 down 2.5 points to 2346
– US 10-year yields down 4 bps to 2.42%
The early story was yet-another round of strong US economic data. The Philly Fed soared higher but the US dollar couldn’t get any traction. I talk about why .
