Forex news for New York trading on February 27, 2017:
Markets:
– Gold down $2 to $1255
– WTI crude up 8-cents to $54.06
– US 10-year yields up 5.5 bps to 2.37%
If you would have expected the US dollar to hit a speedbump on weak durable goods and Trump slowing down the timeline for a tax plan, you would have been right; at least for awhile. But if you had predicted the US dollar would later dismiss all those concerns and rally to some of the best levels of the day, you would be sage.
