Forex news for NY traders on January 30, 2017
IN other markets today:
– US stock close lower but off the lows. S&P is down -0.60%, Nasdaq is down -0.83%. Dow is down -0.61%
The USD had an up and up down session today with the NY session being to the downside. Lower stocks seemed to be the catalyst for the move. From the economic front, personal income was a bit lighter than expectations at +0.3% vs +0.4% estimate, but spending was in line at +0.5%. PCE data (headline and core) were also about as expected at +0.2% and +0.1% MoM respectively. Pending homes sales were a bit better at 1.6% vs 1.1% estimates. Although higher, it did not fully erase the -2.5% drop from last month.
Forexlive Americas forex news wrap: USDJPY (JPY crosses) fall with stocks
