Forex news for US trading on March 11, 2016:
Markets:
– S&P 500 up 31 points to 2021
– Gold down $22 to $1250
– WTI crude up 74-cents to $38.58
– US 10-year yields up 4 bps to 1.98%
The Canadian dollar quickly bounced back after a weak employment report. USD/CAD rallied 60 pips to a session high of 1.3310 immediately after the numbers but after spending 20 minutes there, the pair reversed and then fell all the way to 1.3160 on a climb in oil prices and better risk appetite. Late in the day the pair recovered to 1.3223 but was still down more than 100 pips on the day.
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