Forex news for US trading on Feb 2, 2016:
– Gold up $1 to $1129
– WTI crude down $1.17 to $29.91
– US 10-year yields down 9 bps to 1.86%
– S&P 500 down 36 points to 1903
It was Groundhog Day and stop me if you’ve heard this one before: Worries about emerging markets and growth along with oversupply weighed on oil prices and that spilled over into selling the stock market and USD/JPY.
