Forex news for US trading on May 2, 2016:
Markets:
– S&P 500 up 15 points to 2079
– WTI crude down $1.03 to $44.89
– Gold down $2 to $1290.
– US 10-year yields up 3 bps to 1.86%
The beginning of the month was probably a bigger factor than the economic data but EUR/USD jumped after the softer ISM manufacturing report. it rose to a session high of 1.1534 from 1.1485 after the release. It’s the first break above 1.1500 since August.
