July 12, 2016: The AUD is the strongest. The JPY is the weakest.
The AUD got a boost from NAB Business survey despite Brexit and uncertainty from the election. Stocks also continued their advance on the back of increased expectation for more stimulus from Japan (Bernanke was in town too). The weakest currency was the JPY for the last two reasons cited. In the US, the pre-market activity has the S&P up about 10-11 points. The Nasdaq futures are up about 27 points.
The USD is mostly lower with the commodity currencies higher on the day (the USD lower). The greenback is also lower vs the EUR and GBP. It i up vs the JPY and unchanged vs the CHF
The ranges and changes snapshot shows the moving pairs of the day (GBPUSD, USDJPY, USDCAD, AUDUSD, NZDUSD) near extreme levels (dollar weakness). Carney - in his testimony - has not stopped the rally that was started yesterday.
Wholesale inventories and the JOLTS Job openings will be released in the US today. Feds Tarullo and Bullard will be speaking in Washington and St. Louis respectively at 9:15 AM ET and 9:35 AM ET.. Both are voting members on the FOMC board.
