The snapshot of the strongest and weakest currencies as NA trader enter for the day
As North American traders enter for the day, the CHF is the strongest currency, while the USD is the weakest.
The CHF is benefiting from the safe haven flows on the back of the No. Korean missile launch as well as falling stocks. European stocks are getting hammered with the German Dax down -1.7%, the France Cac down -1.2% and the UK FTSE down about -1%. In the US, the stock futures are lower in pre-market trading with the S&P down about -11.75 points, the Nasdaq futures down -42 points and the Dow futures down about -92 points. Harvey continues to batter and cripple the US's 4th largest city. That may keep the Fed more cautious, at least in the short term.
The events has raised the volatility today. All the major currencies are trading above their 22 day average trading ranges with the exception of the GBP. The dollar is off the lows, however.
Below is the snapshot of the markets at the NY open:
- Gold's surge yesterday (around $20) is being followed up by a $13 gain today. The price is up to $1321.40
- Crude oil is trading unchanged at $46.59.
- As mentioned US stock futures are lower. S&P futures are down -11.75 points. Nasdaq futures are down -42 points and Dow futures are down -92 points
- US yields are down with 2 year at 1.3096%, down -1.5 bp. 5 year 1.688% down -5.1 bp. 10 year 2.1049%, down -5 bps. 30 year 2.706%, down -4.8 bp
