May 31, 2017. The CHF is the strongest, while the AUD is the weakest
The snapshot of the strongest and weakest currencies as North American traders enter for the day, has the CHF as the strongest while the AUD is the weakest. The USDCHF and the EURUSD were just squeezed in the favor of the CHF and the EUR, sending those pairs to the top of table. The USD has moved to the being more down with those two pairs leading the way (the USD is weaker vs the EUR by -0.33%, and the CHF by -0.38%). The GBPUSD also moved higher, but the pair is recovering the losses from the Asian session on the back of a YouGov poll. IT is clawing its way back to unchanged
Looking at the changes and ranges. the ranges (lower chart) are on the low end with most pairs against the USD - with the exception of the GBPUSD - below their 22 day average range (about a month of trading). Most of the major crosses are also below the averages.
In other markets this morning:
- US stocks in pre-market trading are higher. S&P futures are up 5.75 points and Nasdaq futures are up 24 points.
- European stocks are also up with the Dax up 0.77%, Cac up 0.45%, FTSE up 0.67%, Ibex up 0.53% and FTSE Mib up 0.33%
- US rates are higher: 2 year 1.285%, unchanged. 5 year 1.768%, up 1.3 bp. 10 year 2.223%, up 1.3 bp. 30 year 2.891%, up 1.4 bp. The 10 year has key support at 2.16% area (200 day MA). The low yield got close to 2.20% yesterday. The low today reached 2.2132%.
- Spot gold is up $3.00 to $1266.24 and trading near the high on the weaker dollar. The low reached $1259.65.
- Wti crude oil is trading down -$1.00 to $48.65 (down -2.00%) to $48.65. The low reached $48.30 (so far).