The JPY is the strongest. The AUD is the weakest. The USD is mostly higher.
As the NA traders enter for the trading day/week, the JPY is the strongest while the AUD is the weakest as flight into safety dominates. Turkey/emerging markets/trade fears are the dominant themes and rumors of Pastor Brunson's release seem to be premature. The CHF and USD are also attracting more fund flows.
The chart below shows the % change of the major currencies vs each other. The rankings accumulate the changes to rank the strongest and weakest.
The ranges and changes are showing the USD is near unchanged levels vs the GBP and the CHF. The USDJPY and AUDUSD has traded in the red for the entire trading day. The JPY crosses have also traded in the red for most of the day. However, those pairs are also off their lowest levels on the day. Ranges - compared to their 22 day averages (red line in the lower chart) - are mixed, but the major currencies vs the US have room to roam to meet what has been average over the last month (with the NY session remaining). Markets are not really trending.
In other markets:
- Spot gold is below $1200, trading at $1198.73, down -$101%. See post from last week "No flight into the "relative safety of gold" given all the uncertainty and risk"
- WTI crude oil is little changed at $67/53 (down -$0.10)
Stock are implied to open a little higher
- Dow is up 22 points
- Nasdaq is up 25 points
- S&P is up 4 points
US yields are mixed:
- 2 year 2.598%, -0.6 basis points
- five-year 2.733%, -1.2 basis points
- 10 year 2.867%, -0.5 basis points
- 30 year 3.041%, +1.0 basis points
