Forex news for US trading on August 9, 2016
Markets:
– S&P 500 touches fresh all-time high, finishes up 1 points to 2181
– Gold up $5 to $1340
– WTI crude down 26-cents to $42.76
The theme was US dollar weakness today. It fell to session lows in US trading as some of the non-farm payrolls gains fade. One of the problems is that inflation isn’t showing the same kinds of improvements as jobs. The productivity report went in the wrong direction and unit labor costs were revised down.