The USD is stronger vs all but the NZD
The NZD is the strongest of the majors. The JPY is the weakest as the week gets going. The USD is stronger with the USDJPY up 0.44%. That pair is trending higher on the day. The CADJPY and NZDJPY are also trending today (thanks mostly to the USDJPYs move).
Looking at the ranges and changes, the USDCHF spiked higher in the first hour of trading and tumbled back down (ruins trend lines). The ranges are still somewhat muted (most below the 22 day averages. So there is room to roam).
The snapshot of other markets is showing:
- Spot gold is lower by -$8.50 on the stronger dollar at $1305.89 (trading at the low). Looking toward $1300
- WTI crude oil is down -$0.28 at $52.43
US stock futures are called higher:
- Dow up 110 points
- S&P, up 9.7 points
- Nasdaq up 33 points
In the debt market. US yields are higher (helping the dollar in the process) with yields up 0.7 to 1.6 bps at the morning snapshot.
The 10 year benchmark yields are higher as well with exception of Italy.
