Forex headlines for US trading on Nov 25, 2015:
Markets:
– NZD leads, CHF lags
– Gold down $5 to $1070
– WTI crude up 23-cents to $43.10
– US 10-year yields down 0.7 bps to 2.23%
The Reuters ECB exclusive was the big story in Europe and it knocked the euro down 120 pips from where it was at the end of Asian trading. The final push came on the U Mich and new homes sales data (or options related buying) as the euro hit a seven month low of 1.0565. it didn’t last long and a short squeeze on profit taking into the US long weekend pushed it all the way back up to 1.0640. Last at 1.0619 as the day wound down in quiet fashion.
