Australian Dollar Dec '19 (A6Z19)
Australian Dollar Futures Market News and Commentary
The dollar index (DXY00) on Thursday fell by -0.389 (-0.40%). Dec euro-fx futures (E6Z9) closed up +0.0048 (+0.44%), and EUR/USD (^EURUSD) rose by +0.0049 (+0.44%). Dec yen futures (J6Z9) closed up +0.0006 (+0.07%), and USD/JPY (^USDJPY) fell -0.12 (-0.11%). The dollar index moved lower for a third day Thursday and slid to a 1-1/2 month low on strength in the Chinese yuan and on weaker-than-expected U.S. economic data. The Chinese yuan rose +0.22% against the dollar Thursday on some trade optimism after China's Ministry of Commerce said on Thursday that China is currently working on the "Phase 1" deal with the U.S. and is discussing the next phase of trade talks and hopes it can make progress with the U.S. in removing tariffs. The dollar maintained its losses Thursday on weak U.S. economic data. Sep housing starts fell -9.4% to 1.256 million, weaker than expectations of -3.2% to 1.320 million. Also, the Oct Philadelphia Fed business outlook index fell -6.4 to 5.6, weaker than expectati... Read more
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