The NZD is the strongest. The USD is the weakest.
As the North American day gets started, the NZD is the strongest, while the USD is the weakest. Pairs like the EURUSD, USDJPY USDCAD, AUD and NZDUSD are trading at USD low levels after Mnuchin’s interview comments on CNBC. Tax reform will be a long process to implement and then to get impact. They have an aggressive plan but we will see. The initial move is for the USD to head lower. Bond yields area a little lower on the day by 0.5 bp (30 year) to 1.5 bps (2 year). US pre market stocks are up a bit. S&P futures are up about 3 points. The Dow futures are up about 30 points. Nasdaq futures are up 3.75 points.