Forex news for US trading on September 8, 2015:
– EUR/CHF rises to highest since the floor broke,
– Gold up $3 to $1122
– S&P 500 up 48 points to 1969
– US 10-year yields up 9 bps to 2.97%
If you’re looking for some reasons for the market moves in the headlines today, you won’t find them. After a dismal close on Friday, there were worries about what would happen when US markets returned but a bounce in Chinese stocks along with a vacation-rested market led major rallies in stocks and commodity FX.
