The AUD is the strongest and the CHF is the weakest

Feb 26, 2022
The AUD is the strongest and the CHF is the weakest

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forex

The strongest to weakest of the foremost currencies

The AUD is the strongest and the CHF (and EUR) is the weakest of the foremost currencies. The USD is blended to decrease with the greenback’s decline vs the AUD and the NZD accounting for the entire declines. The USD is modestly modified vs the EUR, GBP, JPY, CHF and CAD (good points or losses of 0.08% or much less modifications on the day).

Russian forces moved towards the Ukraine capitol of Kyiv, with missile strikes in opposition to airports and navy infrastructure throughout the nation limiting the potential response from the nations navy (stories of 70 navy targets hit). The Russian military is pushing in from the north, west and south – just about from all instructions the place Russia managed land and Ukraine land contact (and from the ocean).

The US and different NATO allies are imposing financial sanctions in an try to impose monetary ache from the isolation from the remainder of the world.

Ukraine

The Russian troop development into Ukraine (NY TImes)

US shares are decrease in pre-market buying and selling however off in a single day lows after the sharp rebound yesterday. The European shares are increased, as they performed catch as much as the late afternoon surge within the US.

Crude oil is increased on the day. Gold is modestly increased after giving up good points yesterday. Gold is again buying and selling above and under $1900 after reaching as much as $1976.65 in a flight to security bid yesterday.

Wheat stayed restrict up yesterday at $9.34 per bushel, and moved increased to $9.60 when limits had been expanded at present, however moved off of restrict excessive ranges in after hour buying and selling transferring to $8.92 low (closed in a single day buying and selling at $9.08). Corn additionally moved decrease after peaking at $7.18. It traded to a low of $6.66 (that’s an attention-grabbing quantity) in a single day earlier than settling at $6.82.

Focus will return (no less than briefly) to US information at present with Core PCE (est 0.5% and 5.1% vs 4.9% final), preliminary sturdy items orders, private earnings and private spending all schedule to be launched at 8:30 AM.

At 10 AM, the revised College of Michigan client sentiment and US pending residence gross sales might be launched

A snapshot of the markets presently exhibits:

  • Spot gold is buying and selling up $2.40 or 0.13% at $1905.28
  • Spot silver is buying and selling up up three cents or 0.19% at $24.25
  • WTI crude oil is buying and selling up up $0.52 at $93.31
  • Bitcoin is buying and selling up $537 at $38,914

Within the premarket for US shares, the foremost indices are down modestly and off their lowest in a single day ranges. Yesterday dropping streaks in all the foremost indices had been snapped

  • Dow is down -154 factors after yesterday’s 92.07 level rise
  • S&P is down down 20.25 factors after yesterday’s 63.2 level rise
  •  Nasdaq  is down 59 factors after yesterday’s at 436.10 level rise

Within the European inventory market, the foremost  indices  are bouncing again after sharp declines yesterday

  • German Dax, +1.8%
  • France’s CAC, +1.9%
  • UKs FTSE 100, +2.5%
  • Spain’s Ibex, +1.7%
  • Italy’s FTSE MIB, +2.0%

Within the US debt market, yields have moved increased after declines seen yesterday and flight to security flows:

Yields

US yields are increased with a flatter yield curve

Within the European debt market, yields are additionally largely increased.

European yields

European yields are largely increased

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