April 6, 2017. The NZD is the strongest. The GBP is the weakest.
The snapshot of the strongest and weakest currencies as the NA traders enter for the day shows that NZD as the strongest. The GBP is the weakest. Draghi spoke dovishly this morning but the EURUSD has rebounded from the fall to the lows.
The USD is sitting in the middle of the table, rising against the GBP, JPY and AUD and falling against the NZD, CHF. It is near unchanged levels vs. the EUR and CAD.
Today, Trump meets with China's Xi. North Korea and trade will be discussed Also on the schedule today is:
- Canada Building Permits est 1.3% vs 5.4% last
- US weekly initial jobless claims 250K vs 258K
- Feds Williams is due to speak on a panel at 9:30 AM ET/1330 GMT in Frankfurt
The changes and ranges charts below show the GBPUSD and USDJPY have had up and down day but trade near the days extremes. The other major pairs against the dollar are close to the 0 line. The JPY crosses have recovered losses. US stocks are not seeing follow through selling after yesterday's reversal following the Fed minutes. The S&P futures are near unchanged. The Nasdaq is up 2.5 points. The Dow is up about 5 points. So no damage but no gains in the US pre-market stock market.
The ranges are lower than the 22 day averages.
In other markets:
- Spot gold is -$3.50 at $1252
- WTI Crude oil is +0.24 to $51.38. Key technical support at $51.00
- US 2 year yield is up 0.8 bp. 10 year yield is 2.346%, +1 bp.
