British Pound Jun '27 (B6M27)
British Pound Futures Market News and Commentary
The dollar index (DXY00) is down by -0.20% today. The dollar is falling today as stock strength has reduced demand for liquidity in the dollar. Also, today’s weaker-than-expected reports on July ADP employment and July ISM services were bearish for the dollar. Losses in the dollar are limited on hawkish comments from Kansas City Fed President Jeff Schmid, who said tighter Fed policy was needed to reduce inflation.
The US July ADP employment change rose by +44,000, weaker than expectations of +65,000.
The US July ISM services index rose +0.1 to 54.1, weaker than expectations of 54.5. The July ISM services price paid sub-index unexpectedly rose +2.6 to 70.3, stronger than expectations of a decline to 65.0.
Tuesday evening, Kansas City Fed President Jeff Schmid said, “Given the strength of demand and investment, I do not see the current stance of monetary policy as restrictive. As such, I believe that bringing inflation down to the Fed’s 2% objective will require... Read more
Barchart · 1 hour ago
The dollar index (DXY00 ) is down by -0.20% today. The dollar is falling today as stock strength has reduced demand for liquidity in the dollar. Also,...
Barchart · Wed Aug 5, 9:16AM CDT
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Barchart · Tue Aug 4, 2:33PM CDT
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