March 31, 2016
The snap shot of the strongest and weakest currencies are showing the that the USD has maintained the weakest title once again and the CHF is the strongest.
The dollar continues to be hit on month end flows and Fed dovishness (it is all over today). The CHF was following the EUR but is ending stronger against all the other currency pairs.
The ranges are below the 22-day averages (about a month of trading). The major pairs are all trading near the low dollar levels for the day. Cross pairs like the EURJPY and GBPJPY have seen their prices fall then rebound higher.
One more day until a new month/quarter and one more day to the US employment report as well. Canada GDP today (+0.3 MoM and 1.1% YoY), US initial claims (265K est) and Chicago PMI (50.7 est) will be released.
European stocks are lower (Spain Ibex is -1.33%, Dax is -0.62%). US stocks are little changed. Crude oil is trading at $38.14 near the middle of a $37.55 -$38.48 trading range for the day. It is down -0.31% on the day.
