The USD is mixed and little changed
As North American traders enter for the day, the GBP is the strongest, the NZD is the weakest and the USD is little changed. The GBP is taking the vote from yesterday in stride but lawmakers still have work today (and are reliant on the EU27 as well). There will be a vote on a No-Deal today which most are confident won't be supported. Then we get into the the Article 50 extension and reason(s) for it so the EU27 approve it. An extension only means that they still need to find a solution.
Like yesterday, the ranges are being dominated by pairs with GBP attached to it's name. THe other pairs vs the USD all have ranges stuck in narrow ranges. The largest low to high range is 33 pips. The lowest range is only 22 pips for the USDCAD. The biggest change for those non-GBP pairs is 19 pips (-19 for the NZDUSD).
In other markets:
- Spot gold is up $6.50 or 0.50% at $1308.08. The low today reached the natural support of $1300 and bounced (the low was $1300.25).
- WTI crude oil is up $0.59 or 1.04% at $57.46. That continues the rally seen yesterday
In the pre-market for US stocks, the major indices are trading higher.
- Dow, +54 points
- S&P, +8.50
- Nasdaq up 32 points
European shares are also higher:
- German Dax, +0.06%
- France's CAC +0.45%
- UK FTSE, +0.40%
- Spain's Ibex +0.23%
- Italy's FTSE Mib +0.25%
In the US debt market in early NY trading, yields are higher:
In Europe, the yields are also mostly higher and trading near their highs:
