November 21, 2017. USD is little changed against most of the major currencies
As the North American traders enter for the day, the AUD is the strongest, while the EUR is the weakest. Relatively speaking, the major currencies are clustered together today. The USD is little changed against most currencies (0.1% or less difference for all pairs with the exception of the AUDUSD at 0.28%).
You can see that in the changes chart below (top chart). Versus the USD, the major currencies are less than 12 pips away from their closing levels from yesterday (with the exception of the AUDUSD). The ranges for most of the major currencies and crosses are well short of their 22 day averages. Even in the UK with BOE official testifying and the manufacturing orders the highest in nearly 30 years, the low to high ranges is only 57 pips.
In other markets today:
- Spot gold up $1.40 or 0.12% at $1278.20
- WTI crude oil up six cents or +0.11% at $56.48
- US yields are mixed. Two-year 1.759%, +0.8 basis points, five-year 2.095% +0.3 basis points, 10 year 2.357%, -0.9 basis points. 30 year 2.766%, -1.4 basis points
- US stocks in premarket trading are higher S&P futures are up 8 points. Dow futures are up 92 points, and NASDAQ futures are up 27.25 points
- In Europe stocks are higher. German DAX +0.8%. France's CAC +0.8%. UK's FTSE up 0.3%. Spain's Ibex of 0.4%
- European 10 year yields are mostly the lower. Germany 0.352%, -1.1 basis points. France 0.66%, -3.2 basis points. UK 1.272%, -2 basis points. Spain 1.476%, -3.9 basis points. Italy 1.771%, -3.8 basis points. Portugal 1.920%, -3.1 basis points.
