The USD is mostly higher
The GBP is the strongest currency as NA traders enter for the day. The USD is on it's heels and catching up after the better ADP numbers this morning ahead of the US jobs report on Friday. The NZD is the weakest.
The ranges for the major pairs vs the USD area hanging below the 22 day averages. So things are not running away, but looking at where the pairs are trading on the day's range, shows the USDs move to higher level. The EURUSD is near the low (after being higher). The USDJPY and USDCHF are at the highs. The AUDUSD and NZDUSD are at the lows. Again, ADP is helping that trend.
In other markets:
- Spot gold is down -$1.00 at $1202 after soaring yesterday (the low was at $1188 yesterday)
- WTI Crude oil is little changed at $75.30 (up $0.07)
In the pre-market trading, US stocks are higher. Yesterday the Dow closed at a record:
- Dow futures imply a 106 point rise
- S&P futures imply a 10 point rise
- Nasdaq futures imply a 26.5 point rise
In the US debt market, yields are higher across the board and closer to highs for the day.
In the European 10 year note sector, the Italian yields have moved lower today, the safe haven yields have moved a bit higher today.
