April 1, 2015. CHF is strongest. NZD is weakest.
As North American traders enter for the day, the Swiss franc is the strongest currency while the New Zealand dollar is the weakest currency. The graph below shows the % change of each of the major currency pairs vs. each other (from yesterday's 5 PM ET close).
In Switzerland, the PMI manufacturing came in at 47.9 vs. 47.5, estimate (last 47.3). Although the European stock markets are higher, the US premarket call is for lower levels to start the new quarter. The Dow industrial average was down by -0.26% in the 1st quarter, while the S&P eked out a 0.44% gain.
In New Zealand, the chatter is that the Reserve Bank of New Zealand his intervening to keep its currency from rising. The RBNZ has been one of a few countries to not join the global easing trend to weaken their currency. The only alternative is to intervene to try to stem any rise.
Bond yields generally lower today. The 10 Year German bund is trading at a record low yield level (at 0.16%). Below is a quick peak of the trends in some global bond markets.
