USD is mostly higher vs the major currencies

The GBP is the strongest currency of the day on increased Brexit confidence . The JPY is the weakest. The USD is mixed with a large decline vs the GBP (-0.86%). It is lower vs the CAD and EUR as well. The greenback is higher vs the JPY by +0.21%, and near unchanged levels vs the rest of the pairs.

Looking at the ranges, the JPY pairs are trading near high levels despite lower stocks today. Sometimes, with stocks on the skids, the JPY finds a bid. Not today at least so far.

In other markets at the start of the week:

  • Spot gold is down -$1.83 or -0.13% at 1312.50
  • WTI crude oil futures are down -$0.14 or -0.22% at $62.19
  • US stocks are implying a weaker opening with the Dow down -109, the S&P futures -12 points. The Nasdaq futures down -77 points
  • US yields are higher. 2 year 2.313%, up 2.1 vp. 5 year 2.668%, +2.7 bp. 10 year 2.872%, up 2.7 bp. 30 year 3.101%, up 2.4 bp
  • European 10 year yields are higher. Germany, 0.602%, +3.1 basis points. France 0.845%, +2.8 basis points. UK 1.498%, +6.9 basis points. Spain 1.375%, unchanged. Italy 1.997%, +1.5 basis points. Portugal .762%, +1.0 basis points.
  • German Dax is down -0.70%. France's CAC is down -0.5%. UK's FTSE is down -1.28%. Spain's Ibex is down -0.31%. Italy's FTSE MIB is down -0.2%