May 2, 2016: NZD is the strongest. JPY is the weakest.
The NZD is the strongest currency as traders enter for the week and the JPY is the weakest.
The NZD (and the AUD) are the strongest currencies despite starting off weaker after worse than expected PMI data over the weekend The JPY is lower today as the USDJPY and the JPY crosses find some relief after the sharp move lower after last weeks BOJ decision.
The ranges are somewhat narrow, but the GBP is moving higher as the day gets underway. The GBPUSD is trading at high levels (as is the GBPJPY) despite it being May Day in the UK with markets closed. The greenback is lower against all major pairs with the exception of the JPY.
Oil prices are little changed currently.
Stock prices are higher in Europe with the Dax up 1.06%, the Euro Stoxx index is up a more modest 0.44%, the Cac is up 0.57%. The S&P futures are currently up 7 points and the Nasdaq futures are up 12.75 points.
Below is a look at what is to come.
