Forex news for US trading on Feb 23, 2017:
Markets:
– Gold up $12 to $1250
– S&P 500 up 2 points to 2356
– US 10-year yields down 3 bps to 2.38%
– WTI crude up 79-cents to $54.39
The market wants the goodies. The USD really in the election aftermath was predicated on a long slate of promises around regulation, taxes and infrastructure spending. What’s becoming increasingly clear is how tough it will be to deliver, even with full Republican control.