October 16, 2017. The strongest and weakest currencies
The strongest to weakest ranking of the major currency pairs shows, the NZD is the strongest while another commodity currency, the CAD, is the weakest. The AUD (the third of the commodity currencies) is also weaker with gains only against the CAD.
For the greenback, the pair is little change (up or down around 0.1%) vs EUR, GBP, JPY and CHF, but showing a little more action against the CAD (up 0.51%), AUD (up 0.20%) and NZD (down -18%).
The ranges and changes is showing the commodity cross pairs showing more activity. The USDCAD is trading near its high. ou can see the inactivity in the other USD pairs as they trade above and below the 0 line (top chart below) and have relatively narrow trading ranges vs their 22 day averages.
A snapshot of the other pairs shows:
- Spot gold is up $0.28 or 0.03%
- WTI Crude oil is up $0.82 or 1.60% to $52.27. Iraqi troops advanced on oil-rich Kirkuk.
- US rates are higher. 2 year 1.509%, up 1.6 bp. 5 year 1.9181%, up 1.8 bp. 10 year 2.2872%, up 1.4 bp. 30 year 2.817%, up 1.5 bp
- US pre-market stock futures area up. S&P futures are up 2. Dow futures are up 24 points and Nasdaq futures are up 11.5 points
- European 10 year yields are mostly lower. Germany 0.389%, down -1.3 bp. France 0.804%, -1.3 bp UP 1.365%, unchanged.
