The NZD is the strongest. The AUD is the weakest (that means the AUDNZD is getting hammered)
As the North American traders enter for the day, the NZD is the strongest, while the AUD is the weakest. That means the AUDNZD is wagging the dog and indeed it is getting hammered at down nearly 1.0% on the day (down -0.97%). RBA Debelle got the ball rolling to the downside for the AUD in the Asian session.
The USD is down mostly with gains only against the AUD (+0.53) and CAD (a small 0.09% gain). The USDJPY is down -0.31% and is the worst performer for the USD.
The changes and ranges this morning is mixed. The AUD pairs are the biggest movers. The USDCAD is little moved but have retail sales and CPI at 8:30 AM ET/1230 GMT which might give the loonie a push.
A snapshot of the other markets shows:
- Spot gold up $5.72 or 0.46% to $1250.23
- WTI crude oil down -$0.36 to $46.57
- US pre-market stocks are lower. S&P futures are down -1.00 point. Nasdaq futures are down -16.00 points. Dow futures are down -26 points.
- European stocks are lower. Dax down -0.9%, UK FTSE down -0.1%. France CAC down -0.7%
- US yields are lower with the 2 year down about 1 bo. 5 year is down -1 bp. 10 year is down 1.4 bp. 30 year is down 1 bp
