USD continues move lower at the start of the new trading week
The FOMC helped shove the USD lower last week, and that trend is continuing today. As North American traders enter for the day the AUD is the strongest, and the USD is the weakest of the majors.
Looking at the ranges and changes for the day USDJPY is just negative (-2 pips) after being higher for most of the day (but also trading in a narrow 23 pip range). The USDCAD and AUDUSD have not traded on the "other side" of unchanged (the dollar has been lower vs. those pairs from the opening bell). The ranges for the major pairs and crosss pairs are all below their 22 day averages (average for a month of trading).
In other markets:
- Spot gold is up $8.57 or 0.61% at $1408.20
- WTI crude oil is up $0.41 or 0.73% at $57.84
- Bitcoin on Coinbase is down -$113 at $10912 today after rising sharply on Saturday and moving above the $10000 (see weekend post here)
The US stock futures are implying a higher open:
- Dow is up 31 points
- Nasdaq is up 17 points
- S&P is up 2 points
IN the European debt market, indices are lower:
- German Dax, -0.5%
- France's CAC -0.08%
- UK's FTSE unchanged
- Spain's Ibex, -0.2%
- Italy's FTSE MIB, -0.2%
In the US debt market, yields are heading lower again today:
In the European debt market, the benchmark 10 year yields are lower across the board.
