Australian Dollar Jun '23 (A6M23)
Australian Dollar Futures Market News and Commentary
The dollar index (DXY00) rose by +0.06% on Tuesday. The dollar found support on Tuesday after WTI crude oil prices rose more than +1% to a 1-week high, which raises inflation expectations and may persuade the Fed to tighten monetary policy, a supportive factor for the dollar. Also, weakness in stocks on Tuesday boosted some liquidity demand for the dollar. In addition, hawkish comments from Chicago Fed President Goolsbee gave the dollar a lift when he said inflation is the biggest problem the economy faces.
Gains in the dollar were limited on Tuesday after Pakistan signaled the US and Iran were close to an arrangement that could reopen the Strait of Hormuz.
US July existing home sales fell -1.7% m/m to 4.06 million, close to expectations of 4.05 million.
The risk of a renewed flare-up across the Middle East remains high, which is providing safe-haven demand for the dollar. Another UAE tanker was targeted by an Iranian missile on Saturday while transiting the... Read more
Barchart · 41 minutes ago
The dollar index (DXY00 ) rose by +0.06% on Tuesday. The dollar found support on Tuesday after WTI crude oil prices rose more than +1% to a 1-week high,...
Barchart · Tue Aug 11, 9:54AM CDT
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Barchart · Tue Aug 11, 9:33AM CDT
The dollar index (DXY00 ) is up by +0.05% today. The dollar found support today after WTI crude oil prices rose more than +2% to a 1-week high, which...
Barchart · Mon Aug 10, 2:36PM CDT
The dollar index (DXY00 ) rose by +0.29% on Monday. The dollar pushed higher on Monday amid higher T-note yields, which strengthened the dollar’s interest...
Barchart · Mon Aug 10, 9:32AM CDT
The dollar index (DXY00 ) is up by +0.22% today. The dollar is climbing today amid higher T-note yields, which are strengthening the dollar’s interest...
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The dollar index (DXY00 ) rose by +0.06% on Tuesday. The dollar found support on Tuesday after WTI crude oil prices rose more than +1% to a 1-week high,...
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