British Pound Futures Market News and Commentary
The dollar index (DXY00) on Thursday fell -0.086 (-0.09%). Sep euro-fx futures (E6U0) closed up +0.0013 (+0.11%), and EUR/USD (^EURUSD) rose +0.0009 (+0.08%). Sep yen futures (J6U0) closed up +0.04 (+0.04%), and USD/JPY (^USDJPY) fell -0.01 (-0.01%).
The dollar index on Thursday fell back slightly and posted a fresh 2-year low. A rally in stocks on Thursday undercut the dollar on reduced liquidity demand. Also, a rally in GBP/USD to a 4-3/4 month high weighed on the dollar after BOE Governor Baily signaled the BOE does not plan to use negative interest rates.
The dollar fell back Thursday when stocks shook off overnight losses and moved higher after U.S. weekly jobless claims fell more than expected. Stocks had initially moved lower, and the dollar posted modest gains in overnight trade, on doubts about whether U.S. lawmakers will come to an agreement on a virus rescue package. U.S. lawmakers are trying to strike a deal before a self-imposed Friday deadline, but Treasu... Read more