Australian Dollar Dec '19 (A6Z19)
Australian Dollar Futures Market News and Commentary
The dollar index (DXY00) on Monday fell by -0.214 (-0.22%). Dec euro-fx futures (E6Z9) closed up by +0.0022 (+0.19%), and EUR/USD (^EURUSD) moved up by +0.0025 (+0.23%). Dec yen futures (J6Z9) closed up by +0.0015 (+0.16%), and USD/JPY (^USDJPY) fell by -0.17 (-0.16%).
The dollar index fell for a third session Monday and posted a 1-1/2 week low as trade concerns boosted safe-haven demand for the yen and Brexit optimism boosted GBP/USD.
USD/JPY gave up overnight gains Monday and moved lower on doubts about a U.S./China trade deal after CNBC said the mood in Beijing about a U.S./China trade deal is pessimistic after President Trump nixed a rollback on tariffs of Chinese goods. USD/JPY had earlier moved higher in overnight trading on reduced safe-haven demand for the yen after the Chinese Commerce Ministry said Chinese Vice Premier Liu He spoke with U.S. Treasury Secretary Mnuchin and Trade Representative Lighthizer on Saturday in "constructive discussions" to address eac... Read more
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