USD is the strongest. NZD is the weakest.
As the US session begins, the US dollar is the strongest currency, while the New Zealand dollar is the weakest. The rank is determined by taking the percentage change vs. the prior day's close and accumulating the differences. It is not a weighted currency value like the US dollar index.
Looking at the chart above, the US dollar is up against all the major currencies. The New Zealand dollar, meanwhile, is lower against all the major currencies. The NZD was the strongest currency last month. Later this week (Thursday local time/Wednesday in the US) the RBNZ will make their interest rate statement. No change is expected. A 25 basis point cut is expected. The FOMC is largely expected to raise rates when they announce their decision on December 16th.
The volatility as measured by looking at the day's trading range and comparing to the 22-day average ( about a months worth of trading), shows that most of the currency pairs are below the averages. The USDJPY is particularly contained at 34 pips on the day. The pair is trading near the highs as US traders enter, so there is hope for a continued extension.
