May 14, 2015: CHF and EUR are the strongest. AUD is the weakest.
A snapshot of the strongest and weakest currencies as North American traders enter for the day, shows that the CHF and the EUR are the strongest vs. the major currency pairs, while the AUD is the weakest.
There has not been any news to prompt the CHF rise. Technically, the pair has fallen back below the low corrective price in February an 0.91749. For the EUR, it is Ascension Day so there are holiday's in countries like Germany and France today. It might be safe to say the moves were helped by the hangover of dollar weakness from the weak US retail sales yesterday.
For today:
- US PPI final demand (8:30 AM ET) is expected to rise by +0.1% vs. +0.2% for April. US PPI final demand year on year activity down -0.8%
- US PPI ex-food and energy month on month is expected to rise by 0.1%. Year on year, +1.1% est
- Initial jobless claims are expected to rise to 273K from 265K. Continuing claims are expected to inch up to 2232K vs. 2228K. Claims are hanging around 15 year lows. The 4-week average fell to 279.5K last week. A number below 295K this week will lead to another fall in that measure.
- Canada (8:30 AM ET) new housing price index for the month of March is expected to rise by 0.1% vs. +0.2% last month. The year on year is expected to fall to 1.3% from 1.4%
