July1 5, 2016. The AUD is the strongest. The NZD is the weakest
It is Friday. And another terrorist killing. Thoughts and prayers to all impacted once again.
Today we have Canada manufacturing sales, and US CPI and Retail sales along with Empire Manufacturing. Retail sales are expected to rise 0.1%/ex auto and gas +0.3%. CPI is expected to rise 0.3% MOM and ex food and energy +0.2%. The Canada Mfg Sales are expected to fall -0.8%.
The strongest currency into the data is the AUD and it's sister currency the NZD is the weakest. The USD is mixed with the greenback rising ag the JPY and NZD and falling modestly vs. the EUR, GBP, CHF, CAD and AUD.
The ranges are short of the month ranges for most of the currency pairs. Nothing sticks out too much. The EURUSD remains in the longer term range.
Later at 9:15 we have US industrial prod and Cap utilization and then at 10 AM the Michigan Consumer confidence. The US stocks in pre-market trading are little changed. In Europe, the major indices are in the red with the Dax down -0.22%. The CAD down -0.44% and the UK FTSE down -0.22% as well.
