The snapshot of the strongest and weakest currencies as NA traders enter for the day
Taking a look at the snapshot of the strongest and weakest currencies shows that the USD is the strongest currency while the CHF is the weakest. There is less geopolitical tension between the US and No. Korea. China said they would ban some imports from N. Korea. Stocks are higher with the German Dax up about 1%. The US pre-opening stocks are also higher. The USD is the beneficiary. The CHF finds selling relief today.
The USDCHF has the largest trading range of the major pairs. It is well above it's 22 day average The USDJPY is also moving and trades near the pairs high as North American traders enter for the day.
A snapshot of the other markets show:
- Gold is giving back some of the gains from last week's run up. It is trading lower by -$6.80 to $1282.29.
- WTI crude oil is trading down -$0.28 to $48.55. THe high reached $48.90. The low $48.43.
- US pre-opening stocks are higher. S&P futures are up 13.50. Nasdaq futures are up 34 points. Dow futures are up 96 point
- US yields are trading higher with 2 year at 1.306%, up 1.2 bp. 5 year is at 1.7692, up 2.6 bp. 10 year at 2.220%, up 3.1 bp. 30 year is at 2.815%, up 3.0 bp
Little on the economic calendar today:
- In Canada Teranet/National Bank HPI for July will be released at 8:30 AM ET. Last month the MoM was up 2.6%. The YoY last month rose by 14.2%.
