The USD is stronger to start the day
As the North American day gets started, the CAD is the strongest, while the NZD is the weakest. The USD is stronger vs all the major currencies with the exception of the CAD (it is basically unchanged). Yesterday, the USD was one of the weakest currencies. Today is a rebound day.
The ranges so far today are not runaway vs the last 22 day averages, but the USD is trading near their high levels vs EUR, GBP, JPY, CHF and NZD in the morning snapshot. So traders are looking to extend the range with a move higher for the greenback.
A snapshot of other markets is showing:
- Spot gold is down -$5.50 or -0.42% at $1311.34
- WTI crude oil futures are up $0.87 or 1.40% at $62.93
- Bitcoin on Coinbase is trading up $62 at $8487.
In the US stock market, the futures are implying a higher opening after the FB induced tumble yesterday:
- The S&P futures imply a 9 point gain
- The Nasdaq futures imply a 30 point gain
- The Dow futures imply a 71 point gain
In the US debt market, yields are higher:
- 2 year 2.315%, up 0.8 basis points
- five-year 2.663%, up 0.8 basis points
- 10 year 2.868%, +1.2 basis points
- 30 year 3.105%, of 1.9 basis points
