The AUD is the strongest and the CHF is the weakest as the NA session begins

The AUD is the strongest and the CHF is the weakest. The CHF has been trending to the upside helped by SNB Jordans more sanquine view on policy and inflation saying the "Swiss economy had proven it could deal well with temporary inflation shocks, and compensating for past deviations from a targeted average would massively increase volatility in prices and output" Stocks are higher which is also helping with some risk off flows a bit.

Europe inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term was higher than expectations. China PMI came in below 50 again indicative of a contractionary environment. Today the ADP employment returns after a few months of retooling. Fingers crossed for their re-launch. On Friday, the US jobs report will be released with expectations just below 300 K

IN other markets:

• spot gold Gold Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Read this Term is trading down $10.35 -0.60% at $1712.70
• spot silver is trading down the $0.38 -2.13% at $18.01
• crude oil is trading at $89.03 that's down another $2.54 on the day after yesterdays a sharp declines
• bitcoin is trading up marginally at $20,359

In the premarket for US stocks, the major indices are higher. The major indices on a 3 day losing streak

• Dow industrial average is up 75 points after yesterdays -308.12 point decline
• S&P index is up 15.34 points after yesterdays -44.45 point decline
• NASDAQ index is up 93 points after yesterdays -134.53 point decline

In the European equity markets, the major indices are trading lower

• German DAX -0.13%
• France's CAC -0.54%
• UK's FTSE 100 -1.15%
• Spain's Ibex -0.87
• Italy's FTSE MIB -0.8%

Looking at the US debt market, yields are trading higher:

• 2 year yield 3.460%, +1.2 basis points
• 5 year yield 3.277%, +0.9 basis points
• 10 year yields 3.137% +2.1 basis point
• 30 year yield 3.246%, +2.4 basis points

Looking at the European debt market, the benchmark 10 year yields are mixed with UK yields up the largest while France and Spain yields declined modestly: