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The strongest and weakest currencies at the North America open: January 3.

The AUD is the strongest. The CHF is the weakest.

The strongest currency of the major pairs as the NA traders reenter for the trading week is the AUD. The CHF is the weakest.

The USD is mixed on the day with the pair rising vs the EUR, JPY CHF, near unchanged vs the GBP, CAD and NZD and down against the AUD. The changes are versus the closes from yesterday's trading (even though many retail brokers were closed yesterday).

The ranges are pretty good for some for the day with EURUSD, USDJPY, USDCHF and NZDUSD hitting the average trading ranges over the last 22 days by the time US traders are arriving. The GBPUSD lags in an up and down session for that pair so far.

In the US today:

  • Markit final manufacturing PMI expected at 54.2 vs 54.2 preliminary (9:45 AM ET)
  • ISM manufacturing PMI for December 53.7 versus 53.2 (at 10 AM ET)
  • US construction spending for November +0.5 versus +0.5% (at 10 AM ET)

In Canada:

  • RBC manufacturing PMI for December will be released at 9:30 AM ET. In November the index came in at 51.5

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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