Australian Dollar Dec '20 (A6Z20)
Australian Dollar Futures Market News and Commentary
The dollar index (DXY00) this morning is down -0.221 (-0.24%). Dec euro-fx futures (E6Z0) are up +0.0025 (+0.21%), and EUR/USD (^EURUSD) is up +0.0022 (+0.20%). Dec yen futures (J6Z0) are up +0.0004 (+0.04%), and USD/JPY (^USDJPY) is down -0.04 (-0.04%).
The dollar index this morning is moving lower. Better-than-expected Eurozone economic data is pushing EUR/USD higher. Meanwhile, stronger-than-expected Japanese data is boosting the yen and undercutting USD/JPY. Losses in the dollar are limited by stronger-than-expected U.S. economic data and weakness in stocks that is fueling liquidity demand for the dollar.
U.S. price data today is dovish for Fed policy and negative for the dollar after the Sep core PCE deflator rose +1.5% y/y, weaker than expectations of +1.7% y/y and well-below the Fed's 2.0% inflation target.
Today's stronger-than-expected U.S. economic data is positive for the dollar. U.S. Sep personal spending rose +1.4% m/m, stronger than expectations of... Read more
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