Forex news for US trading on May 15, 2017
Markets:
– S&P 500 up 9.5 points to 2400
– Gold up $3 to $1231
– US 10-year yields up 1.6 bps to 2.34%
– WTI crude up $1.00 to $48.84
The US dollar drift was back in fashion on Monday. The trade is to buy the dollar when nothing is going on and watch it slowly climb higher. It was the basic theme Monday as USD/JPY grinded to 113.80 from 113.50. Cable and the commodity currencies also lost ground in US trading while the euro held its ground.
