The USD is mixed with gains vs risky pairs
The JPY is the strongest and the AUD is the weakest as investors worry about global fear. The USD is mixed with declines vs the AUD, NZD and CAD, declines vs the JPY and near unchanged levels vs the EUR, GBP, and CHF. Stocks are trading softly today which is helping to lead to the flight out of risky currencies.
Looking at the changes and ranges, the volatility is relatively muted. The EURUSD only has a 27 pip range well below its 22 day average range. The USDCHF has only moved 22 pips today The USDJPY only 38 pips. All the pairs (including major crosses) have limited price action vs the norm (month long average range). The JPY pairs are all lower but digging off the lowest levels of the day.
In other markets, a snapshot shows:
- Spot gold, +$7.12 or 0.56% at $1283.02
- WTI crude oil futures down $.92 or -1.71% to $52.88
- Bitcoin on Coinbase is higher by $37 at $3557. The high reached $3585 while the low extended to $3425
In the pre-market for US stocks, futures are pointing to a lower opening:
- Dow Jones, -131 points
- NASDAQ, -49 points
- S&P, -16.5 points
in the European market:
- German DAX, -0.47%
- France's CAC, -0.5%
- UK's FTSE, -0.4%
- Spain's Ibex, -0.3%
- Italy's FTSE MIB, 0.87%
In the US debt market, the early levels are pointing to the downside:
The European benchmark 10 year yields are also lower on growth concerns:
