January 13, 2016. The AUD is the strongest. The CHF is the weakest.
As the new day begins the snapshot of the % changes of the major pairs vs each other shows that the AUD is the strongest currency while the CHF is the weakest.
The AUDUSD got a boost from better than expected trade data from China It is higher against all the major currencies with the largest changes coming against the CHF and the JPY. The CHF is the weakest. The SNB has been ringing the "CHF is overvalued" bells of late (click here) and he is getting his wish today as the CHF is weaker against all the major currencies in trading today.
The USD is once again mixed with the currency lower vs the commodity currencies and higher against the EUR, GBP, JPY and CHF. The stock markets are rising in Europe with the Euro Stoxx index up 1.5%, Dax up 1.04%, Cac up 1.46% and the UK FTSE up 1.11%. The S&P futures are trading up about 6.33 points in pre-market trading.
The price of crude oil is back above $31 (at $31.05 currently). The low came in around $30.50 The high at $31.45. The inventory data will be released at 10:30 AM ET today. The API data last night showed a draw down of 3.9M barrels but Gas and showed builds of 7M and 3.7M respectively.
SNBs Zurbrugg speaks at 8 AM ET. Feds Rosengren speaks at 8:30 AM ET. There is a 10 year bond auction at 1 PM. The fed's beige book will be released at 2 PM and the federal budget statement will also be released at that time. Later tonight at 7:30 PM ET. The Australian employment change will be released with expectations of a 12,000 decline. The last 2 months have seen huge gains in jobs created.
