Forex news for New York trading on March 9, 2016:
Markets:
– Gold down $10 to $1251
– WTI crude up $1.80 to $38.30
– S&P 500 up 10 points to 1989
– US 10-year yields up 5.25 bps to 1.88%
Two similar central banks saw a starkly different world today. The Bank of Canada left rates unchanged and struck a constructive tone with no hints at a coming cut. The Canadian dollar soared in response and was given a helping hand by a nearly 5% rally in oil.
