Canadian Dollar Futures Market News and Commentary
The dollar index (DXY00) on Friday moved up +0.289 (+0.30%). Mar euro-fx futures (E6H0) closed down -0.0041 (-0.37%), and EUR/USD (^EURUSD) fell -0.0044 (-0.40%). Mar yen futures (J6H0) closed up -0.0001 (-0.01%), and USD/JPY (^USDJPY) fell -0.02 (-0.02%).
The dollar index climbed to a 3-week high Friday after a rally in U.S. stock indexes to new record highs undercut the yen. The dollar added to its gains Friday on stronger-than-expected U.S. economic data and upbeat Fed comments.
World equity markets rallied Friday on economic optimism which boosted the dollar. An easing of trade tensions also propelled stocks higher after the U.S. and China signed a phase-one trade deal on Wednesday and after the U.S. Senate on Thursday approved the USMCA agreement, which could spark new business investment now that the long-term rules are set for North American trade.
Friday's U.S. economic data was mostly supportive for the dollar. Dec housing starts jumped +16.9% to a 13-y... Read more