British Pound Dec '19 (B6Z19)
British Pound Futures Market News and Commentary
The dollar index (DXY00) this morning is down by -0.022 (-0.02%). Dec euro-fx futures (E6Z9) are down by -0.0001 (-0.01%), and EUR/USD (^EURUSD) is down by -0.0009 (-0.08%). Dec yen futures (J6Z9) are up by +0.0012 (+0.13%), and USD/JPY (^USDJPY) is down by -0.21 (-0.19%).
The dollar index is slightly weaker this morning as a slide in stocks fuels gains in the yen, although dollar losses were limited as a decline in bund yields undercuts EUR/USD.
USD/JPY slipped to a 1-week low today as weakness in stocks boosted safe-haven demand for the yen. Stocks are lower on U.S./China trade concerns along with mixed global economic data. USD/JPY remained lower despite today's data that showed Japan Q3 GDP rose +0.2% (q/q annualized), weaker than expectations of +0.9%, which is dovish for BOJ policy. However, price pressures ticked up, which reduces the chance of additional BOJ stimulus, after the Japan Q3 deflator rose +0.6% y/y, stronger than expectations of +0.5% y/y and the fa... Read more
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