The snapshot of the strongest and the weakest as North American traders enter for the day
The AUD is the strongest currency as the NY traders enter for the day, although most of the gains are vs. the weakest currency....the EUR. The EUR was on a downward tract as CPI remains well below the 2% target. The ECB also jawboned the EUR down in meeting minutes. That helped set the third consecutive day of a lower low for August.
The EURUSD range in the lower chart below, shows the focus on the currency and the USDCHF is also doing well The EURUSD has seen a bounce off the low a bit.
A snapshot of other markets shows:
- Spot gold up $2.43 to 1285.88
- WTI crude is down -$0.22 to $46.57. Yesterday oil prices also tumbled despite a large draw down in crude inventories (that is one tough market to figure out).
- US premarket stock futures are lower. S&P Down -7 points. Nasdaq futures down -28.50 points and the Dow down -60 points
- US yields are up a bit. 2 year 1.3301, up 0.4 bp. 5 year 1.7971%, up 1.6 bp. 10 year 2.241%, up 1.9 bp. 30 year 2.821% up 1.4 bo
