ForexLive Americas FX news wrap: Oil falls on US-Iran chatter

Author: Adam Button | Category: News

Forex news for Americas trading on September 11, 2019:

Markets:

  • Gold up $10 to $1496
  • WTI crude down $1.37 to $56.02
  • S&P 500 up 21 points to 3001
  • US 10-year yields up 1 bps to 1.74%
  • AUD leads, CAD lags
In European trading the story was a dip in the euro on lower growth forecasts but the bottom came shortly after US trading ramped up at 1.0985. From there it made a decent recovery to 1.1012 but trading was understandably slow ahead of the ECB tomorrow.

Oil stayed in the spotlight on the Trump-Bolton drama. It fell on reports that the rift was about Iran and easing sanctions in order to restart talks. The oil inventory report was also a factor. Despite the headline draw, the market focused on a build in distillate inventories. USD/CAD was caught in the move and rose to 1.3214 at the highs before falling back to the figure.

Cable retraced a small portion of the recent gains today in a sag to 1.2313. Headlines were not a factor.

The bond market was flat today in the run-up to the ECB but USD/JPY continued to tick higher on better risk sentiment. US stocks opened flat but steadily gained steam to finish at the highs of the day. USD/JPY was up 30 pips to 107.83.
FX ticker
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose