The NZD is the strongest. The JPY is the weakest.
As North American traders enter for the trading week, the NZD is the strongest currency, while the JPY is the weakest. Volatility remains low with the USDJPY 55 pip trading range the largest of the major currencies (the EURUSD and USDCHF have only a 34 pip trading range (Yuck). It is month end and there are some flows into the USD vs. the EUR, GBP, JPY and CHF but is weaker against the AUD and NZD.
The Chicago PMI (est 54.0 vs 56.2 last month) and Pending home sales (+1.0% vs -2.3% last month) will be released at 9:45 AM ET and 10 AM respectively. A fairly quiet start to the week but the events pick up later this week with the ECB decision on Thursday, and the US employment report on Friday the biggies....(click here to see all the main events)
