Canadian Dollar Mar '23 (D6H23)
Canadian Dollar Futures Market News and Commentary
The dollar index (DXY00) on Wednesday rallied to a 1.75-month high, finishing up by 0.31%. The dollar moved higher on Wednesday, supported by a +2% increase in WTI crude oil prices, which lifts inflation expectations and may prompt the Fed to tighten monetary policy, a bullish factor for the dollar.Â
Gains in the dollar accelerated on Wednesday on stronger-than-expected US economic reports on May ADP employment, the May ISM services index, and Apr factory orders, which are hawkish for Fed policy. In addition, escalation of Middle East tensions is boosting some safe-haven demand for the dollar after US forces intercepted Iranian ballistic missiles and drones aimed at neighboring countries and struck an Iranian command center in response.Â
The dollar posted its high on Wednesday afternoon on a hawkish Fed Beige Book that reported slight to moderate economic growth across most Fed districts through May 27, with employment little changed and most of the 12 Fed districts re... Read more
Barchart · Wed Jun 3, 2:35PM CDT
The dollar index (DXY00 ) on Wednesday rallied to a 1.75-month high, finishing up by 0.31%. The dollar moved higher on Wednesday, supported by a +2% increase...
Barchart · Wed Jun 3, 9:39AM CDT
The dollar index (DXY00 ) today is up by +0.23%. The dollar is moving higher today and is being supported by a +1% increase in WTI crude oil prices, which...
Barchart · Tue Jun 2, 2:34PM CDT
The dollar index (DXY00 ) on Tuesday rose by +0.02%. The dollar recovered from early losses on Tuesday and moved slightly higher after US Apr JOLTS job...
Barchart · Tue Jun 2, 9:34AM CDT
The dollar index (DXY00 ) today is down by -0.04%. Comments from President Trump have reduced safe-haven demand for the dollar when he said that negotiations...
Barchart · Mon Jun 1, 9:57AM CDT
The dollar index (DXY00 ) is up +0.42% on safe-haven demand after Iran said it halted ceasefire talks with the US, which could prompt a new large-scale...
Barchart · 11 minutes ago
Soybeans broke to the downside on Wednesday, with contracts down 8 ½ to 11 ¼ cents at the close. The cmdtyView national average Cash Bean price was...
Barchart · 11 minutes ago
Cotton futures posted weakness in the front months of 3 to 31 points, with deferred contracts steady to 26 points higher on Wednesday. The US dollar index...
Barchart · 11 minutes ago
Corn futures continued the recent slide to new lows for the move on Wednesday, down 5 to 9 cents in most contracts. July closed in on the contract low,...
Barchart · 11 minutes ago
Live cattle futures ended the Wednesday session with contracts down $1.05 to $2.42 on the day. Cash trade started this week at $255, creeping up to $256...
Barchart · 11 minutes ago
Lean hog futures closed the midweek session with contracts up 35 cents to $1.15. USDA’s national base hog price was reported at $94.36 on Wednesday afternoon,...
Barchart · 11 minutes ago
The wheat complex continued the downtrend on Wednesday, with losses across the three exchanges. Chicago SRW futures fell 11 to 15 ¾ cents into the Wednesday...
Barchart · 1 hour ago
Circle stock sinks on reports of Stripe, Visa, and Mastercard nearing launch of a joint stablecoin platform. But should you buy the dip in CRCL shares...
Barchart · 1 hour ago
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -0.74%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.21%, and the Nasdaq 100...
