Forex news for US trading on May 25, 2016:
Markets:
– Gold down $3 to $1224
– WTI crude up $1.07 to $49.71
– S&P 500 up 14 points to 2090
– US 10-year yields flat at 1.86%
The Bank of Canada decision was expected to include a hint of dovishness but it was largely neutral and that sent USD/CAD lower. The declines extended as oil prices pressed towards $50 per barrel. During the session, the pair fell more a full cent to 1.3013 and closed at the lows.
