Forex news for NY trading on November 10, 2016
In other markets:
– S&P index +0.20%. NASDAQ composite index -0.81%. Dow industrial average +1.17%
– 10 year bond yield 2.1378%, +8 basis points
Today was a good day for the pound. A snapshot of the % changes vs the major currencies shows it rose over 1% versus each. The largest gain was versus the JPY (+2.28%). The GBPJPY today rose – and will close – above it’s 100 day MA for the 1st time since May 30, 2016. That break was reversed the very next day. For all of 2016, there were only 2 days with closes above the MA level. Today makes it 3.