British Pound Dec '19 (B6Z19)
British Pound Futures Market News and Commentary
The dollar index (DXY00) this morning is up by +0.048 (+0.05%). Dec euro-fx futures (E6Z9) are down by -0.0005 (-0.05%), and EUR/USD (^EURUSD) is down by -0.0003 (-0.03%). Dec yen futures (J6Z9) are up by +0.0016 (+0.17%), and USD/JPY (^USDJPY) is down by -0.22 (-0.20%).
The dollar index is slightly higher this morning and posted a new 4-week high as the Chinese yuan weakened against the dollar on uncertainty about a U.S./China trade deal.
The yuan is down -0.19% this morning and posted a 1-week low against the dollar on Tuesday's comments from President Trump on the status of a trade deal with China. President Trump on Tuesday said a trade deal with China could happen soon, but that if a deal is not reached then "tariffs will be raised substantially."
EUR/USD fell to a new 4-week low today on lower German bund yields. The 10-year German bund yield is down -4.6 bp today at a 4-session low of -0.298%, which undercuts the euro's interest rate differentials. EUR/US... Read more
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