Australian Dollar Jun '22 (A6M22)
Australian Dollar Futures Market News and Commentary
The dollar index (DXY00) on Tuesday fell by -0.241 (-0.24%). The dollar index Tuesday extended Monday’s losses to a 4-week low. The dollar was undercut by weaker-than-expected U.S. economic data and the decline in the 10-year T-note yield to a 3-1/2 week low. However, losses in the dollar Tuesday were limited as a slide in stocks boosted the liquidity demand for the dollar.
Tuesday’s U.S. economic data was weaker-than-expected and bearish for the dollar. The May S&P Global U.S. manufacturing PMI fell -1.7 to 57.5, weaker than expectations of 57.7. Also, Apr new home sales plunged by -16.6% m/m to a 2-year low of 591,000, weaker than expectations of 749,000. In addition, the May Richmond Fed manufacturing survey fell -23 points to a 2-year low of -9, weaker than expectations of 10.
EUR/USD (^EURUSD) on Tuesday rose by +0.0044 (+0.41%). EUR/USD Tuesday rallied to a 4-week high as hawkish comments from ECB President Lagarde and ECB Governing Council member Holzmann n... Read more
- Dollar Falls on Disappointing U.S. Economic Data and Lower T-Note Yields
The dollar index (DXY00 ) on Tuesday fell by -0.241 (-0.24%). The dollar index Tuesday extended Monday’s losses to a 4-week low. The dollar was undercut...
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- Dollar Retreats as Stocks Rally on Return of Risk Appetite
The dollar index (DXY00 ) on Monday fell by -1.075 (-1.04%). The dollar index Monday tumbled to a 3-1/2 week low as a sharp rally in stocks reduced the...