As stocks do it’s thing, the dollar and bonds are doing more watching so far.

Its a stock market thing

As the stocks run all over the place, the forex market is not doing a whole lot.

As London was exiting for the day:

The S&P was down -14.8 points. It is down -41 points now

The Nasdaq was down -61 points. It is down -123 points now

The Dow was down -68 points. It is down -300 points now. 

What has the USD done?

The USD was down vs. all the major pairs by the following at the London close:

  • EURUSD, -0.50%
  • GBPUSD, -0.39%
  • USDJPY, -0.33%
  • USDCHF, -0.22%
  • USDCAD, -0.59%
  • AUDUSD, -0.40%
  • NZDUSD, -0.78%

Now the snapshot is showing:

  • EURUSD, -0.49%, virtually unchanged
  • GBPUSD, -0.33%. The dollar is stronger by +0.06%
  • USDJPY, -0.42%, The dollar is weaker by -0.09%
  • USDCHF, -0.23%, virtually unchanged
  • USDCAD, -0.62%. The dollar is weaker by -0.03%
  • AUDUSD, -0.31%, The dollar is stronger by +0.09%
  • NZDUSD, -0.69%. The dollar is stronger by +0.09%

In the US debt market, the change in yields shows:

  • 2-year 2.266% vs. 2.253% now
  • 5-year 2.618% vs. 2.600% now
  • 10 year 2.828% vs 2.815% now
  • 30 year 3.070% vs 3.063% now

So overall, there is a flight out of the “risk” currencies like the AUD and NZD (but they are still stronger vs the dollar – just less strong) and a basis point or so flight into the safety of the US debt.  

That is not a heck of a lot. 

PS, Gold is up about $19 now vs up $20.62 earlier.  

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