Forex news for New York trade on November 30, 2017


  • Gold down $9 to $1274
  • WTI crude flat at $57.26
  • US 10-year yields up 2.7 bps to 2.41%
  • S&P 500 up 19 points to 2645
  • GBP leads, NZD lags

The US dollar sank early but roared back on indications the tax bill will pass the Senate within the next 24 hours. The news also helped stock markets. The OPEC decision, meanwhile, caused some volatility in crude but resulted in a flat day of trading.

USD/JPY started at 112.30 and then sank down to 111.70 at the London fix but it was a v-shaped recovery, in part due to the continued break higher in bond yields. Ten-year Treasuries rose above the key 2.40% level. Later, USD/JPY hit a one-week high of 112.67, nearly a full cent above the lows.

It was a similar story elsewhere as the dollar sank into the fix and then rebounded. The euro managed to hold onto most of its gains. It peaked at 1.1932 but pared back just below the figure.

Cable rose above 1.3500 for the 11th gain in 13 sessions. Brexit news was light. There is some brewing trouble in Ireland but the currency largely ignored it.

USD/CAD started at 1.29 then drooped down to 1.2850 before rebounding to a session high of 1.2909, just below the October high of 1.2914. Two huge reports in Canadian jobs and GDP will be released Friday.

AUD/USD tried to climb and was able to break the Asian high momentarily but sank back down to 0.7563 with most commodity prices lower.