USD the weakest. CAD the strongest.

The USD is the weakest currency as the "markets" reverse. Oil is up. Stocks are down again. Gold is up and the dollar is down.

CAD is benefiting from higher commodities including the price of oil.

Initial jobless claims be released at 8:30 AM ET with expectations for a steady number at 290K vs. 291K, last week. Continuing claims are expected to dip to 2400K from 2417K.

At 9:45 AM ET, the Markit service PMI will be released (estimate, 57.0 vs. 57.1). Feds Lockhart speaks on the economy/monetary policy at 9 AM ET. BOE's Carney speaks at 1:30 PM ET, and Canada's budget will be released at 4 PM. Events to look forward to Feds Yellen speaks on monetary policy and San Francisco.

The chart above outlines the % change of the major currencies vs each other since the 5 PM ET close.