Forex news for North American trading on Feb 10, 2017:
Markets:
– Gold up $5 to $1233
– WTI up 79-cents to $53.79
– S&P 500 up 8 points to 2316
– US 10-year yields up 1 bps to 2.40%
The early story was another blockbuster Canadian jobs report. The strong numbers cut USD/CAD down to 1.3060 from 1.3140 in a quick move. But the bottom came shortly after in the pair despite a strong day for oil and it slowly climbed back to 1.3090. Despite the quick move, volatility in the latter half of the day was less than 30 pips.
