The NZD is the strongest and the JPY is the weakest as the week starts

Author: Greg Michalowski | Category: News

The USD is lower but modestly lower

As the week gets started and day 3 of the government shutdown continues the NZD is the strongest, while the JPY is the weakest.  The USD is weakest, with a noon vote that would fund the government through Feb 8th along with the promise for an immigration vote before then.  

The ranges are modest. The JPY pairs are mostly near higher levels.  HOwever, there is generally an up and down to the markets. Traders may be more interested in staying away as the US figures out their debt limit issues.

In other markets:
  • Spot gold is trading unchanged at $1332.
  • WTI Crude oil is traidng down -$0.13 at $63.24 
  • US yields are all trading less than 1 BP away from Friday closing levels.  2 year 2.073%, +0.8 basis points.  Five-year 2.452%, up 0.3 basis points.  10 year 2.653%, down -0.5 basis points.  Thirty-year 2.922%, down -0.9 base
  • US stocks in premarket trading.  Dow futures down -38 points.  NASDAQ futures down -1 point.  S&P futures down -0.25 points
  • European major indices are up a bit: German Dax is up 0.20%.  France's CaC is up 0.3%.  UK FTSE is up 0.73%.  Spain's Ibex is up 0.95%.  Italy's FTSE MIB is up 0.52%.
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