US dollar up as the market awaits the FOMC minutes
The US dollar has rebounded higher in the North American morning session. The USD is the strongest - rising against all the major currency pairs (albeit by a tiny amount against most). The weakest is the CHF which has continued to see weakness. There are reports the SNB may look to lower rates further.
The US major stock indices are higher with the Nasdaq leading the way. Goldman Sachs said Apple was set to rise 43% (that is a strange way of putting it isn't it?). By may calculations, they see a price target of about $165. Google, Amazon and Facebook are also higher as are the biotech stocks (generally speaking).
After dipping below $40 a barrel for the first time since August, crude oil has rebounded to $40.24 currently for the December contract, down 1% on the day
Gold is trading at $1068, down 0.1% on the day. The high was $1073. The low $1063.
2 year bond at 0.876% up 2 bp
10 year notes at 2.27% unchanged
30 year bonds at 3.040% down 1.5 bp
FOMC minutes are due out at 2 PM ET.
