Forex news for US trading on April 18, 2016:
Markets:
– S&P 500 up 13 points to 2094
– Gold down $1.71 to $1232
– WTI crude down 43-cents to $39.93
– US 10-year yields up 1.7 bps to 1.76%
Oil was the major focus after the breakdown in Doha but the lows in crude were in the first hours of trading. Afterwards, the announcement of a strike amongst Kuwaiti oil workers helped to prompt a rebound. As a result, oil finished lower only modestly.
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