USD: Continues weakness on months of poor data and receding hopes for rate increases, traders content to let it run down while EUR runs up, though little has changed in their relative fundamentals.
EUR: Continues to gain on USD weakness, also helped by fading awareness of ongoing troubles due to successful bond auctions and markets ignore leniency of EU bank stress tests.
JPY: Continues to show strength as safe haven despite rising stocks, perhaps because Japanese 10 year government bonds yielding 1.1%, after adjusting for actual deflation of about 2.9%, are actually yielding about 4%, and mostly tax free for the mostly Japanese buyers
AUD: continuing higher despite rate pause
NZD: may be topping after bad jobs data dampens rate increase hopes
CAD: rally may be slowing with poor jobs report, reflecting CAD’s ultimate tie to the US, destination of about 75% of exports