April 10, 2017. The GBP is the strongest. The JPY is the weakest.
The snapshot of the strongest and weakest currencies shows the GBP is the strongest currency while the JPY is the weakest. The economic calendar was limited today and the weekend hangover, has traders sleepwalking through Monday after Friday's fireworks from the US attack on a Syrian airbase (although bombings in Egypt churches is a reminder of the sad world), and the weaker (weather related) US employment report. If weather was going to be a factor why have a 180K estimate?
Anyway the ranges reflect the markets inaction with all the major currencies trading well below their 22-day averages (in fact all but the AUDNZD are south of the border -red line in the lower chart).
For today, the Labor Market Conditions index (change in the level of a composite index based on 19 labor market indicators), will be the only US economic release. Later at 4:10 PM ET, Fed's Yellen will be speaking at the Univ. of Michigan. Audience questions are expected.
In other markets:
- Oil is up $0.64 to $52.89. It remains supported after last weeks move higher. $51.00 is still support. USDCAD is trading at the session lows (CAD stronger). Housing starts were also stronger at 253.7K vs 215.5K estimate)
- Spot gold is down -$6.18 or -0.48% to 1248.40
- US yields are little changed from Friday's levels.
- European stocks are lower.
- US pre-market indexes are a little higher with the S&P up 2.25 points and Nasdaq futures up 0.35%.