The USD is the mixed
The NZD is the strongest currency (for the 3rd day in a row). The EUR is the weakest as North American traders enter for the day. The USD is mixed with gains vs EUR, CHF and declines vs the NZD, AUD, GBP and CAD although most are little changed. The GBP is a little stronger after a signficant beat with retail sales (1.0% vs 0.2% est). Brexit remains a concern though.
The changes and ranges are showing the major currency pairs are showing smallish ranges so far today, with the NZDUSDs 49 pips the most. THe USDJPY and USDCHF only have ranges of 29 pips and 23 pips. If you look at the top chart below, the USD is trading at the high vs the EUR (down -35 pips) USDJPY, and USDCHF, but near the day's lows vs the CAD, NZD and AUD. I guess that defines a mixed USD picture.
IN other markets:
- Spot gold is up $5.70 at $1318.48
- WTI crude is up $0.51 at $54.93
US stock futures are implying a higher opening:
- Dow, up 62 points
- S&P up 6 points
- Nasdaq up 16 points
In the Europe, stocks are up smartly:
- German Dax, +1.3%
- France's CAC, , +1.47%
- UK FTSe +0.6%
- Spain's Ibex, +0.97%
- Italy's FTSE MIB, +0.46%
In the US debt market, the snapshot shows yiels up marginally (up about 1 bp), after sharper declines yesterday.
The 10 year European debt yields are near unchanged with the exception of the Portugal 10 year which is up 6.9 bps.
