The AUD is the strongest. The GBP is the weakest.
Better export data out of Australia has given the AUD a bid as it has increased the estimates for the important GDP tomorrow. That has the shorts in the AUD racing for the exits.
North American traders are seeing (in the last hour) a push in the AUDUSD above the 100 day MA at 0.72514. This is now support.
The weakest currencies are the GBP and the USD. The GBP has had an up and down day with support in the Asian session on Brexit poll optimism. Month end flow perhaps (EURGBP dipped and rallied) may have been a contributor to the better tone.
The ranges and changes chart below shows that the big ranges are in the GBP pairs. The currency pairs at the extremes have the AUD attached to them.
Canada GDP will be released at 8:30 AM ET. IN the US Personal income and spending (+0.4% and +0.7% respectively), will also be released at 8:30 AM ET along with PCE Deflator (COre +0.2%. Headline +0.3%, YoY Core 1.6% and Headline +1.1%). At 9 AM S&P Case Schillier home price index is expected to show a 5.11% increase YOY and at 9:45 AM ET, Chicago PMI will be released followed at 10 AM with the CB Consumer confidence (96.3).
