Forex news for US trading on May 19, 2016:
Markets:
– JPY leads, CAD lags
– Gold down $4 to $1254
– WTI crude down 12-cents to $48.07
– S&P 500 down 8 points to 2040
The dollar bulls likely hoped for more today. The dollar’s momentum peaked as US traders arrived and it was a slow retracement from there despite Dudley-the-dove making a pretty good case for a June hike.
ForexLive Americas FX news wrap: Dudley doubles down with hawkish rhetoric
ByAdam Button
May 19, 2016