Forex news for US trading on May 4, 2016:
Markets:
– Gold down $6 to $1280
– WTI crude up 19-cents to $43.85
– S&P 500 down 12 points to 2043
– US 10-year yields down 2 bps to 1.78%
The big theme yesterday was US dollar strength and that came into peril after the soft ADP data. USD/JPY skidded 45 pips to a session low of 106.25 after the news and dollar selling began to spread.
