US dollar mostlyAs the U.S. stock market prepares to open, a snapshot of the strongest and weakest currencies shows that the GBP is the strongest, while the AUD is the weakest. The USD is higher, with gains against all major currencies, except the pound sterling.
The beaches and the changes are showing that EURUSD is under-performing. The beach is only 28 pips — well below the 22 day average (around a month of trading) of 73 points. The USDCAD is on the upward movement in the North American session after the worse than expected GDP data today.
An overview of the other markets:
- Spot gold down $-3.60 $1272.85
- WTI crude oil little changed at $54.07. The high extended to $54.28.
- US yields are little changed: 2 year 1.5798 per cent, up 0.6 bp. 5 years 2.00, up 0.4 bp. 10 years 2.368%, unchanged. 30 years 2.8746%, down -0.5 bp
- WE pre-stock market futures are higher. The Nasdaq futures are up 24 points. S&P futures are up 5.25 points. Dow futures are up 29 points