Canadian Dollar Jun '16 (D6M16)
Canadian Dollar Futures Market News and Commentary
The dollar index (DXY00) fell by -0.36% on Thursday and held just above Wednesday's 4-week low. Weaker-than-expected US economic news on Thursday weighed on the dollar. Q4 GDP was unexpectedly revised lower, Feb personal income and spending rose less than expected, and weekly jobless claims rose more than expected to an 8-week high. The dollar fell to its low on Thursday in hopes of de-escalation of hostilities in the Middle East when Axios reported that direct negotiations between Israel and Lebanon will begin next week in Washington.
Losses in the dollar were limited as doubts about the sustainability of the US-Iran ceasefire boosted some safe-haven demand for the dollar. Also, Thursday's +3% jump in WTI crude oil prices raises inflation expectations, hawkish for Fed policy, and supportive of the dollar.
US weekly initial unemployment claims rose by +16,000 to an 8-week high of 219,000, showing a weaker labor market than expectations of 210,000.
US Feb person... Read more
Barchart 2 minutes ago
The dollar index (DXY00 ) today is down by -0.26%. Today's report showing a smaller-than-expected increase in US March consumer prices is weighing on...
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Barchart Thu Apr 9, 2:36PM CDT
The dollar index (DXY00 ) fell by -0.36% on Thursday and held just above Wednesday's 4-week low. Weaker-than-expected US economic news on Thursday weighed...
Barchart Thu Apr 9, 9:38AM CDT
The dollar index (DXY00 ) is down by -0.24% today and just above Wednesday's 4-week low. Weaker-than-expected US economic news today is weighing on the...
Wavetraders Thu Apr 9, 3:08AM CDT
EUR/JPY remains in a strong uptrend, with the potential for further upside despite short-term consolidation.
Barchart 1 minute ago
The dollar index (DXY00 ) today is down by -0.26%. Today's report showing a smaller-than-expected increase in US March consumer prices is weighing on...
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Investors are favoring memory chip stocks like Western Digital after the ceasefire deal.
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Wedbush thinks Amazon might face a “risk-on” situation after the ceasefire. Should you buy the stock here?
