The USD is mixed
As North American traders enter for the day, the forex market is cautious and relatively quiet. The NZD is the strongest and the CHF is the weakest but all the major currencies are relatively scrunched together. The biggest % mover is the NZDCHF with a 0.32% move (higher in the pair). For the USD, the greenback is mixed with gains vs the CHF and CAD, declines vs the NZD and EUR and near unchanged vs the GBP, JPY and AUD.
The ranges and changes are reflecting the quiet activity. The EURUSD, GBPUSD, USDJPY and AUDUSD are all within 6 pips of unchanged in mostly up and down trading. The ranges for those pairs is as low as 20 pips (for USDJPY) to 50 pips (for the GBPUSD). The USDCAD is up 14 pips with a 55 pip trading range (the largest pip range today).
In other markets:
- Spot gold is up $12.50 or 0.74% at $1722.16
- WTI crude oil is down $-0.28 or -0.85% at $32.54
In the premarket for US stocks, the futures are implying a mixed opening
- Dow industrial average up 195 points
- NASDAQ -76 points
- S&P index near unchanged
In the US debt market, yields are mixed with the 30 year up 1.2 basis points, while the 5 year is down -1.6 basis points.
