The USD is lower/mixed
As North American traders enter for the day, the AUD is the strongest of the major despite the 25 basis point cut by the RBA. The NZD is the weakest. The USD is mixed to lower with modeat gains vs the GBP, CHF and NZD and declines vs the EUR, JPY and CAD.
The low to high ranges for the major currency pairs and crosses are modest at 20 (for the CHF) to 46 (for the EURUSD). All are below the 22 day average.
A snapshot of other markets are showing:
- Spot gold is up $7.55 or 0.54% at $1391.79
- WTi crude oil is down -$0.39 or -0.66% at $58.67
- Bitcoin on Coinbase is down -$400 to $10074. The low today moved back below the $10000 to $9651, before recovering back above the $10000 level
The stock futures are implying a lower opening:
- Dow, -39.43 points
- S&P, -3 points
- Nasdaq, -13 points
In Europe, share indices are unchanged to up a little:
- German Dax, unchanged
- France'es AC unchangee
- UK FTSE +0.5%
- Spain's Ibex +0.1%
- Italy's FTSE MIB +0.5
In the US debt market, yields are little changed:
The benchmark European 10 year yields are mixed with the UK, Spain, Italy and Portugal yields lower:
