USD is mixed/ranges limited
As far as the price action as North American traders enter for the day, the AUD is the strongest while the EUR is the weakest. The USD is mixed with the greenback up the most vs. the EUR in the morning snapshot (+0.20%). It is also higher vs. the NZD (+0.12%), and marginally vs the JPY and CHF. The greenback is weakest against the AUD (-0.21%). It is also down vs.t eh GBP (-0.17%) and marginally vs. the CAD.
Looking at the changes and ranges, some of the JPY pairs reached 22-day average levels (USDJPY and EURJPY), but have also reversed earlier gains. The USDJPY is up 8 pips after being up about 65 pips on the day. For the EURJPY, that pair was higher by about 72 pips, but is currently trading down -17 pips (and at the lows). All the EUR pairs have seen gains reversed.
In other markets, the NA morning snapshot is showing:
- Spot gold up $1.67 or 0.13% to $1271.39
- WTI crude oil futures are up $0.37 or 0.66% at $56.00
- US yields are down but less than 1 BP across the board: 2 year 1.612%, down -0.2%. 5 year 1.985%,, down -0.5 bp. 10 year 2.3253%, down -0.7 bp. 30 year 2.8059%, down -0.7 bp
- US stock futures in pre-market trading is mixed/little changed. S&P futures -0.75 points. Dow futures up 15 points. Nasdaq up 2.5 points.
