The EURUSD reaches the highest level since May 24th
The AUD is the the strongest currency today (so far) after retail sales beat expectations in the Asian session and the relative weakness of the US dollar kept that trend going. The NZD followed it’s neighbor higher. The USD is the weakest currency, falling vs. all the major currencies. The JPY is also weaker in trading today as flow out of the safety of the USD and the JPY continue.
The snapshot of the changes and the ranges below shows, the USD is trading near extreme levels for many of the currency pairs. The AUDUSD is beating its 22 day average trading range target at 104 pips vs an average over the last month of trading at 63 pips (167% of the normal). The AUDUSD is trading at the highest level since April 23rd.
In other markets:
- Spot gold is up $3 at $1296.83.
- WTI crude oil is down -$0.29 or -0.44% at $65.52
- US stocks are implying a stronger start with the Dow futures implying a 129 point rise. The S&P is up 9-10 points. The Nasdaq is up 19 points. European stocks are higher today
- US yields are higher modestly. 2 year 2.487%, up 1.6 bps. 10 year is up 0.7 bps at 2.9077%. 30 year is up 0.5 bps at 3.055%