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ForexLive Americas FX news wrap: Oil hits lowest since 2009

Discussion in 'Market News' started by ForexLive, Dec 7, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Forex news for Dec 7, 2015: - Gold down $16 to $1071 - US 10-year yields down 3.7 bps to 2.23% - S&P 500 down 15 points to 2077 - USD leads, NZD lags Oil cracked and it took the Canadian dollar with it. Similarly to the OPEC decision at this time last year, it took some time to set in before infecting the market with lasting negativity. The nearly 6% decline in oil today was a sign that oil longs are throwing in the towel and corporates are desperately hedging.

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