EURUSD and GBPUSD move toward July lows
The USD is the strongest and the NZD is the weakest as Friday begins in the NA session. The greenback moved to another new session high today (highest since July 9th) but has returned to just above unchanged. The EURUSD and the GBPUSD moved back toward the lows for the month. The EURUSD low for the month came in at 1.15906 on July 2. The low today reached 1.1612 so far. The GBPUSD low also on July 2 reached 1.3094. The low today reached 1.3102. BOE Cunliffe's comments are giving a little bid to the GBP and the pair trades at 1.3141.
The ranges shows the GBPUSD is the big mover. Both it, and the EURUSD has trended to the downside (but off lows a bit). The USDJPY is choppy. THE NZDUSD is also trading near the lows (is is the weakest overall currency today) and trades near the lows).
In other markets:
- Spot gold is down -$9.45 to $1237.84
- WTI crude fall -$0.07 at $70.25
In the US premarket stock market, JP Morgan and Citigroup beat earnings but revenues missed for Citigroup. Wells Fargo missed.
Stock futures are implying:
- Dow up 19.
- Nasdaq up 9 points
- S&P up 1 point
