The USD is mostly higher as the trading week begins

As North American traders enter for the day, the JPY is the strongest, while the CAD is the weakest. Although the USDJPY is little changed and overall changes in the snapshot are contained, the JPY crosses against the commodity currencies are the bigger movers. The CADJPY and the CAD currency overall, is weaker on concerns about NAFTA, trade tarirffs and stock erosion from the global uncertainty.

The EURUSD has had an up and down with an opening higher, followed by a fall, rise and is back toward the low again. The Italian's had their election, and as expected, now have a hung parliament. The USDCAD is trading at the high for the day as the North American session begins.

In other markets,

  • Spot gold is up $0.84 or +0.06% at $1323.58
  • WTI crude oil futures are trading up $.04 or 0.07% at $61.30
  • US stocks will open lower with the S&P features implying a -11.3 point decline. The NASDAQ features are implying a -18.29 decline. The Dow futures are implying a -81 point decline
  • European stock markets are mostly higher with the Italian market the exception after their elections. German DAX is up 0.7%. France's CAC is up 0.2% UK's FTSE is up 0.15%. Spain Ibex is up 0.3%. Italy's FTSE MIB is -0.80%
  • US yields are lower. Two-year 2.22%, -2.0 basis points. 5 year 2.60%, -2.6 basis points. 10 year 2.84%, -2.3 basis points. 30 year 3.13%, -1.3 basis points
  • European ten-year yields are mixed. Germany 0.628%, -2.3 basis points. France 0.904%, -1.5 basis points. UK 1.458%, -1.6 basis points. Spain 1.518%, -3.3 basis points. Italy 2.02%, +0.5 basis points. Portugal 1.959%, -2.8 basis points