Forex news for US trading on August 17, 2015:
– Gold up $2.65 to $1117
– S&P 500 up 11 points to 2102
– US 10-year yields down 3 bps to 1.59%
– WTI crude oil down 66-cents to $41.84
It looked like we would get a taste of the Summer doldrums but the movement in markets was pretty good for an August Monday. The weak Empire Fed shook things up and let to some momentary US dollar weakness but after hitting 1.1125, EUR/USD was under steady pressure in a slide to 1.1059 where it finally found support ahead of touted bids at 1.1050.
