RBA kept rates on hold

The RBA kept rates on hold and the currency was moving that way, but it was higher stocks that have seemed to push funds into the risk of that currency today. It is the strongest. Conversely, there has been a move out of the US which has been on run higher of late. As a result, the dollar is weakest of the majors.

The ranges and changes are still rather contained in the snapshot although there are some (EURUSD, USDJPY) are making new extremes as I type.

In other markets:

  • spot gold is higher by $6.38 or 0.53% at $1213.79
  • WTI crude oil futures are up $.71 or 1.03% at $69.72

The US stock market, stock futures are implying a higher opening:

  • Dow futures are implying up 87 points
  • S&P futures are implying up 5.75 points
  • NASDAQ futures are implying a 22 point gain

US yields are higher:

  • 2 year 2.657%, +1.2 basis points
  • 5 year 2.822%, +1.8 basis points
  • 10 year 2.954%, +1.6 basis points
  • 30 year 3.101%, +1.2 basis points