Forex news for New York trading on February 2, 2017
Markets:
– Gold up $2 to $1237
– WTI crude down 79-cents to $53.54
– S&P 500 down 2 points to 2363
– US 10-year yields down 1 bps to 2.42%
The FOMC Minutes offered some hints that a rate hike is coming ‘fairly soon’ but that wasn’t enough for the market and the US dollar sold off in the aftermath of the report. USD/JPY dropped to 113.00 from 113.60 after the release to erase what had been a slow rise throughout New York trade.
ForexLive Americas FX news wrap: Canadian retail sales disappoint, Fed Minutes too
ByAdam Button
Feb 22, 2017