Forex news for US trading on April 27, 2016:
Markets:
– Gold flat at $1244
– WTI crude up $1.36 to $45.40
– US 10-year yields down 6.5 bps to 1.86%
– S&P 500 up 6 points to 2097
The market was tripped up by initial headlines on the Fed touting the removal of lines citing global risks and the improved labor market. That led to a quick initial rise in the US dollar to session highs across the board. Some of the moves exceeded 50 pips but they quickly unwound as traders got a closer looked at the details.
