The AUD is the strongest and the USD is the weakest as NA traders enter for the day
Technical Analysis
The USD continues it's fall for the 2nd consecutive day
The USD was the weakest of the major currencies (well it was a tie with the CAD at the end of day yesterday) today on increased risk-on sentiment on hopes of a global recovery. China data showed added life overnight with retail sales returning to growth and industrial production accelerating to 5.6% from 4.8% previously. The USDCNH reached it's highest level since May 2019 on the news.
The ranges and changes are showing price action in the GBP pairs with the GBPUSD up 65 pips after erasing earlier Asian session declines. The AUDUSD has and oversized range as well as it was helped by China data. The RBA also release their minutes and implied the potential for further easing. That might weaken the data, but in the light of the better China data, traders considered that a good for the economy. 
In other markets:
- Spot gold is trading up $11.63 or 0.59% at $1968.50
- Spot silver is trading up $0.36 or 1.33% at $27.48
- WTI crude oil futures are trading up $0.52 or 1.4% at $37.78
In the US stock market, the major indices are continuing where they left off on Monday with rises across the board. Increased risk on demand and the set up for the FOMC meeting tomorrow is helping to improve the market sentiment
- Dow up 154 points
- S&P up 22 points
- Nasdaq up 118 points
- German DAX, +0.26%
- France's CAC, 0.6%
- UK's FTSE 100, 1.1%
- Spain's Ibex, +1.27%
- Italy's FTSE MIB, +0.9%
In the European debt market, the benchmark 10 year yields are trading higher with the UK yields up 2.9 basis points. The Italian 10 year yield is up 0.2 basis points.
