The strongest currency in trading today is the GBP. On Friday, the GBP initially rallied strongly on the back of the rejection of the Scotland Referendum, but later fell back down – erasing the gains. Today the currency is stronger against all the major pairs but is also off the highs.
The weakest currency is the AUD. The AUD is trading at the 7 month low as concerns about China and lower commodity prices are weighing on the currency. The CAD and NZD are also being impacted by the trend in commodities as both are also down on the day.
GBP is the strongest currency. The AUD is the weakest in trading today
The greenback is mixed – rising against the commodity complex but down slightly versus the other major currencies (down the most against the GBP).
The EUR is only down against the GBP. ECBs Draghi speaks at 9 AM ET and his comments will be eyed in the aftermath of what was a disappointing TLTRO initiative last week.
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