The USD is the strongest and the EUR is the weakest as NA traders enter for the day
The last day of the month of JuneAs North American traders enter for the day, the USD is the strongest. The EUR is the weakest of the majors. It is the last day of the month of June today (and the 2Q). The Nasdaq is on track for the best quarter since Q4 2001 and recovered 4.05% in June (right now). Powell testifies today along with Treasury Secretary Mnuchin.
The ranges and changes are modest with all the major pairs trading well below their 22 day averages (about a month of trading). The EURUSD and GBPUSD are trading neart hte lows for the day while the USDJPY trades near the highs. The JPY pairs are modestly lower.
- Spot gold is trading down $-4 or -0.23% at $1768.82
- WTI crude oil futures are trading down $0.70 or -1.74% at $39.01
- Dow industrial average -38 points
- NASDAQ index +12 points
- S&P index, unchanged
- German DAX, +0.24%
- France's CAC, unchanged
- UK FTSE 100, -0.6%
- Spain's Ibex, -0.6%
- Italy's FTSE MIB, -0.3%