Forex news for January 29, 2016
Markets:
– Gold up $2 to $1117
– WTI crude up 42-cents $33.64
– US 10-year yields down 5 bps to 1.93%
– CAD leads, JPY lags badly
A big question midway through the month was if central banks ‘get it’. That doesn’t explain all the worries in markets (commodities, China, especially) but it’s an important part of the equation. In the past 8 days, the ECB, Fed and BOJ have all delivered a more dovish tone.
