ForexLive Americas FX news wrap: Hawkish hold from the RBNZ

Forex news for US trading on November 8, 2017:
Markets:
– Gold up $6 to $1281
– WTI crude down 41-cents to $56.79
– US 10-year yields up 1.4 bps to 2.32%
– S&P 500 up 4 points to 2594
There was talk the RBNZ could take out any hint of hikes in 2019…

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What we know about Jerome Powell: He’s quiet and drives a Tesla

…and other things we’ve learned about Powell
The profiles of Powell are coming fast.
Here he is at Princeton in 1975.
What we’ve learned:
– His reported assets are worth between $19.7m and $55m
“He is remarkably undogmatic,” says Jeremy Ste…

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Cohn: It won’t be possible to back-date tax cuts to start of 2017

That’s a negative
One of the ideas floated out there was to backdate the tax cuts because that would have provided a quick boost to the economy. Evidently, it’s a dead idea.
The post Cohn: It won’t be possible to back-date tax cuts to start of 20…

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