October 3, 2016 The CAD is the strongest. The GBP is the weakest.
As NY traders enter for the day, the snapshot of the strongest and weakest currencies showt that the CAD is the strongest currency while the GBP is the weakest.
The GBP has been influenced by headlines about the UK invoking Article 50. That got the GBP off to a lower start (vs Friday close) and that momentum accelerated in the European session. Better PMI data, gave the pairs a respite, but the price is back closer to the day lows. The CAD had some continuation selling after Friday's fall. Last week the OPEC countries announced that they would look to restrict output (with details forthcoming). Crude oil futures are trading up $0.38 on the day (or +0.79%.)
The EURUSD range is really tiny (Germany is on holiday today).
