Forex news for New York trade on June 14, 2017
Fed:
News:
Markets:
– US 10-year yields down 7 bps to 2.14%
– Gold down $9 to $1257
– S&P 500 down 3 points to 2437
It was a heck of ride today. The market got excited about a dovish Fed after soft CPI and retail sales data and that meant a hefty wave of US dollar selling. It reversed when Yellen didn’t deliver and instead stuck to the script and left the forecasts unchanged; blaming one-offs for lower inflation.