Clock ticks toward the US/N. Korean summit
As the North American session gets underway, the EUR is the strongest, and the CAD is the weakest after the G7 summit.
The USD is hanging behind the EUR and the AUD and is mostly stronger with gains vs. the GBP, JPY, CAD, and mixed vs the EUR, CHF, AUD and NZD (less than 0.1% gains or losses). There are no economic releases today. The US will auction a 10 year note at around 1 PM ET. All the fireworks will be later this week.
The JPY pairs have decent up and down ranges for the day. The USDJPY is trading up near it's highs. The GBPUSD is trading near its lows for the days after the data today was a big disappointment.
In other markets, the snapshot is showing:
- Spot gold is down about -$2,00 at $1297.50. The high reached $1301.51
- WTI crude oil futures are down $0.65 at $65.10. The low reached $64.85. The high reached $65.74.
- Bitcoin is up $52 at $6772 after a sharp tumble on Sunday. Coinrail - a South Korean crypotocurrency exchange - said its system was hit by "cyber intrusion". The breach resulted a loss for about 30 percent of the coins traded on the exchange.
- US stock futures imply small declines. Dow is down -11 points. Nasdaq is down -9 points. S&P is down -2 points. European stocks are mostly higher. German Dax is unchanged. France's CAC is up 0.11%. UK FTSE is up 0.6%. Spain's Ibex is up 0.7%
- US bond yields is up about 1.5 pips across the board. 2 year 2.512%, up 1.4 bps. 10 year 2.959%, up 1.3 bps 30 year 3.10%, up 1.1 bps
