Forex news for New York trading on September 13, 2016:
Markets:
– Gold down $9 to $1319
– WTI crude down $1.33 to $44.96
– S&P 500 down 31 points to 2127
What’s unique about the latest rout in stock markets is that it’s accompanied by a big slump in bonds as well. Worries about a Fed hike made sense last week but after the dovish comments from Brainard, that can’t explain it all.
