Forex headlines for US trading on Jan 4, 2016:
– Gold up $12 to $1073
– WTI crude down 16-cents to $36.88
– US 10-year yields down 3 bps to 2.23%
– S&P 500 down 31 points to 2012 after touching 10-week low
Markets started off the year in a sour mood. Chinese stock hit the skids and the negative sentiment went worldwide in a broad flight to safety that underpinned the yen and wrecked commodity currencies.