Forex news for North American trading on March 10, 2017:
Markets:
– Gold up $3.56 to $1204
– WTI crude down 69-cents to $48.49
– US 10-year yields down 3 bps to 2.57%
It’s definitely eyebrow-raising to see the US dollar at the bottom of the daily currency pile despite a stellar jobs report and drop in the unemployment rate. Right from the moment of release, the market decided to focus on wage growth and even ignored an upward revision to the prior.