Euro Fx/U.S. Dollar Futures Market News and Commentary
The dollar index (DXY00) this morning is up +0.262 (+0.29%). March euro-fx futures (E6H1) are down -0.0034 (-0.28%), and EUR/USD (^EURUSD) is down -0.0035 (-0.29%). March yen futures (J6H1) are down -0.0028 (-0.30%), and USD/JPY (^USDJPY) is up +0.39 (+0.37%).
The dollar index this morning is moderately higher but remains below Tuesday's 3-1/2 week high. The dollar is finding support today from higher T-note yields. EUR/USD is weaker as ECB officials continue to try to jawbone bond yields lower. USD/JPY rallied to a fresh 6-1/2 month high today as the yen weakened on dovish BOJ comments.
U.S. stock indexes are under pressure today, which is boosting some liquidity demand for the dollar. Higher T-note yields are undercutting stocks, along with weaker-than-expected economic data. In addition, a slump in technology stocks is dragging down the overall market.
Today's U.S. economic data was negative for the dollar after the U.S. Feb ADP emp... Read more