Forex news for US trading on July 28, 2015:
– The latest EBA report on EU’s 37 largest banks
– Gold up $1.40 to $1095
– WTI crude up 41-cents to $47.80
– S&P 500 up 25 points to 2093
A rebound in oil and the Canadian dollar was the story in a middling US session ahead of the Fed tomorrow. USD/CAD rebounded to as high as $48.44 from $48.66 and that triggered rush of USD/CAD selling to as low as 1.2912 from 1.3020 at the start of US trading. It was the largest one-day loss in the pair in a month.