Australian Dollar Dec '21 (A6Z21)
Australian Dollar Futures Market News and Commentary
The dollar index (DXY00) rose by +0.24% on Tuesday.  The dollar rose on Tuesday amid weakness in stocks, boosting liquidity demand for the currency. Also, higher crude oil prices on Tuesday pushed up inflation expectations and could persuade the Fed to keep monetary policy tight, a supportive factor for the dollar. In addition, hawkish comments from New York Fed President John Williams were supportive of the dollar, as he said inflation remains quite high.  The dollar fell from its best level on Tuesday after the US May trade deficit widened to a 14-month high.Â
The US May trade deficit widened to -$77.6 billion, the largest deficit in 14 months and a negative factor for Q2 GDP.
New York Fed President John Williams said inflation remains quite high and that he sees steady economic growth and labor market stability.
The swaps markets are discounting the odds at 25% for a +25 bp rate hike at the next FOMC meeting on July 28-29.
EUR/USD (^EURUSD) on Tuesday fel... Read more
Barchart · Tue Jul 7, 2:39PM CDT
The dollar index (DXY00 ) rose by +0.24% on Tuesday. The dollar rose on Tuesday amid weakness in stocks, boosting liquidity demand for the currency. ...
Barchart · Tue Jul 7, 9:32AM CDT
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Barchart · Mon Jul 6, 9:39AM CDT
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Barchart · Tue Jul 7, 5:02PM CDT
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Barchart · Tue Jul 7, 5:02PM CDT
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Barchart · Tue Jul 7, 5:02PM CDT
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