The AUD is the strongest. The JPY is the weakest.
As North American traders enter for the day, the AUD is the strongest currency of the major currencies, while the JPY is the weakest. The USD is down against all the majors with the exception of the JPY. The CAD is stronger as oil rises strongly (up 3.37%)
The ranges and changes are showing mixed volatility. The commodity currencies are on the move with oil up 3.37% and Gold up about $7.60 or 0.62%. JPY crosses are moving as well.
In addition to oil and gold on the move higher:
- US yields are up but less than a pip across the curve.
- US stock futures are mixed with the Dow futures up 42 points, S&P Futures up 3.25%, but Nasdaq futures are now down -2.25%
- In Europe stocks are mixed buy changes are marginal. UK FTSE, Spain's Ibex and Italy FTSE MIB are up. The German Dax and France's Cac are down.
- Europe 10 year yields are up marginally with German up 2 bp, France up 3 bp, Italy up 2 bp, UK up 4 bp, Spain unchanged, Portugal up 1 bp and Greece up 3 bp.
Empire manufacturing will be released at 8:30 AM ET with the estimate at 7.3 vs 5.2 last
At 9 AM ET, the existing home sales for Canada will be released for April. There is no estimate (last +1.1%).
Later this afternoon the NAHB Housing Market index for May is expected to come in unchanged 68.
