What is moving at the start of the NA session
The AUD is the strongest. The USD is the weakest as the North American session begins. The major currencies are relatively confined and crunched together. The AUD was a big winner yesterday as the FOMC was more dovish and hopes for better US/China relations. The NZD also moved higher and is getting a lift for the same reason. The USD continues its slide on the Fed
The ranges show the relatively lack of volatility with the major currency pairs having ranges of 55 pips or lower. The AUDUSD and NZDUSD are trading near high levels though as they continue their run higher.
Other markets are showing:
- Spot gold is up $3.90 or 0.30% at $1323.90. The lower dollar is helping gold prices move higher
- WTI crude oil futures are trading near unchanged levels at $54.28
- Bitcoin on Coinbase is trading down $18.62 at $3413
The US major stock indices are trading lower in early trading:
- Dow Jones, -67 points
- S&P, -1 point
US yields are lower:
- 2 year 2.502%, -0.6 basis points
- 5 year 2.483%, unchanged
- 10 year 2.670%, -0.7 basis points
- 30 year 3.024%, -0.7 basis points
