The EUR is the strongest. The GBP is the weakest.
As NA traders enter for the day, the EUR is the strongest, while the GBP is the weakest.
The EURUSD moved back above its 100 week MA at 1.0986, and also a trendline on the daily chart and that helped push that pair higher and higher.
Meanwhile over in the UK, the inflation data was stronger, the price spiked, and fell off (see Mike's post here for the reason's why).
The USD is down the most against the EUR and the CHF. The other pairs are mixed.
The ranges and changes show the EURUSD, GBPUSD and USDCHF the biggest focus from traders today. The EURGBP and EURJPY are on the move too.
On the schedule today:
- US housing (1260K est) and building permits (1270K est) are out at 8:30 AM.
- US Industrial production (+0.4% est) and Capacity Utilization ((76.3 est) will be released at 9:15 AM ET
- MBA Mortgage foreclosures and Delinquencies for 1Q will be released.
In other markets:
- Trump disruptions can't keep the US pre-market stocks down. S&P futures are up 1.75 points. Dow Futures are up 31 points. Nasdaq futures are up 6.0 points
- US yield are up about 1 bp. 2 year 1.306% +0.8 bp, 10 year 2.358%, +1.0 bp, 30 year yield 3.019%, +1.2 bp
- Spot gold is up $4.28 to 1234.96
- WTI crude oil is +$0.33 or 0.70% to $49.19.
