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The CHF is the strongest while the NZD is the weakest


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The USD is mostly little changed/higher vs major pairs

The week is starting with a move into to CHF – it is the strongest. The NZD and AUD is the weakest as risk concerns prevail. The USD is higher with gains vs the GBP (Brexit/political fears), and the CAD, AUD and NZD. The greenback is lower vs the CHF and near unchanged on the day vs the EUR and JPY in early trading.

The GBPUSD has the largest trading range and is lower now after rising earlier in the day (down -27 pips). The USDCHF is lower and is trying to bounce off the lows.  The EURUSD and USDJPY are near unchanged levels. The trading high to low trading ranges are mostly below their 22 day trading day averages (about a month).  The EURUSD has a 22 day range at 80 pips, while the range is only 41 pips currently.

In other markets:

  • Spot gold is down -$1.50 at $1220.10
  • WTI crude oil is up $0.05 or 0.09% at $56.51

In the US debt market in early trading, yields are higher with the yield curve moving marginally higher as well:
In the 10 year benchmark note sector in Europe, yield changes are mixed.
In the US stock market, the futures are implying a lower opening:

  • Dow futures imply a  -43 point fall
  • Nasdaq futures imply a -9 point fall
  • S&P futures imply a –4 point fall

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