Forex news for US trading on Sept 6, 2016
Markets:
– Gold up $22 to $1349
– WTI crude up 42-cents to $44.85
– US 10-year yields down 6 bps to 1.54%
– German 10-year yields down 6 bps to -0.11%
The market turned Tuesday on a terrible ISM manufacturing index. It was the worst one-month decline since 2008 and there were no easy explanations as to why it fell so badly.
