ForexLive Americas FX news wrap: Oil makes a big comeback

News

Forex news for North American trading on Nov 2, 2020:

Markets:

  • Gold up $16 to $1895
  • WTI crude oil up $1.27 to $37.06
  • US 10-year yields down 2.2 bps to 0.85%
  • S&P 500 up 40 points to 3310
  • CAD leads, GBP lags

The calm before the US election wasn’t so calm as oil bounced 10% intraday on a report about Russia talking with domestic producers about continuing cuts into January.

More to come

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