Euro Fx/U.S. Dollar Futures Market News and Commentary
The dollar index (DXY00) this morning is up +0.201 (+0.20%). Jun euro-fx futures (E6M0) are down -0.0023 (-0.21%), and EUR/USD (^EURUSD) is down -0.0021 (-0.19%). Jun yen futures (J6M0) are down -0.69 (-0.75%), and USD/JPY (^USDJPY) is up +0.53 (+0.49%).
The dollar index this morning climbed to a fresh 1-week high as a slight easing of coronavirus concerns pushed stocks higher and curbed safe-haven demand for the yen. EUR/USD is also weaker as EU countries remain divided on how to combat the economic fallout from the coronavirus pandemic.
Higher T-note yields this morning are also supporting the dollar. The 10-year T-note yield is up +4.4 bp to a 3-session high of 0.640% as stocks rally on optimism the coronavirus pandemic may be peaking after reported death tolls in some of the world's coronavirus hotspots showed signs of easing. Confirmed cases of the coronavirus have risen above 1,285,000 globally with deaths exceeding 70,000.
EUR/USD this morning fell to a n... Read more