Forex news for August 14, 2015:
– S&P 500 up 8 points to 2092, up 0.67% on the week
– Gold flat at $1114
– WTI crude down 9-cents to $42.14
– GBP leads, NZD lags
US economic data was mixed. Early on, slightly upbeat (and I mean slightly) on the PPI led to a solid US dollar bid and that continued on industrial production. The euro had made highs close to 1.1200 just as US traders began to arrive but it was steady selling down to 1.1125, which was the European low. A bounce there was aided by a softer UMich survey but not for long.