Forex news for July 21, 2015:
– US industrial sector is 2.6% smaller than the Fed thought
– Gold down $9 to $1099
– WTI crude up 21-cents to $50.36
– S&P 500 down 9 points to 2119
A month of non-stop US dollar gains left the dollar trade overcrowded. It thinned out Tuesday on a quiet news day as Treasury yields declined and Eurozone yields climbed. The industrial production revisions may have added to the momentum.
