Forex news for US trading on July 19, 2016
Markets:
– Gold up $3 to $1332
– WTI crude down 65-cents to $44.59
– S&P 500 down 3 points to 2163
– US 10-year yields down 3 bps to 1.55%
US dollar strength was a them in North American trading, particularly against the euro. EUR/USD sagged after a solid housing starts report but that was probably more correlation than causation. The pair skidded as low as 1.1000 ahead of the European close from 1.1065 at the start of US trading and the bounce was minimal.
ForexLive Americas FX news wrap: IMF cuts world growth forecast for 4th time
ByAdam Button
Jul 20, 2016