Canadian Dollar Jun '26 (D6M26)
Canadian Dollar Futures Market News and Commentary
The dollar index (DXY00) on Thursday rose by +0.17%.  The dollar recovered from a 6-week low on Thursday and moved higher as better-than-expected US economic news pushed T-note yields higher, strengthening the dollar’s interest rate differentials. Weekly jobless claims fell more than expected, and the Apr Philadelphia Fed business outlook survey unexpectedly rose to a 15-month high. Also, hawkish comments on Thursday from New York Fed President John Williams, who signaled he favors steady Fed policy, are supportive of the dollar.
The dollar initially moved lower on Thursday as the US and Iran are considering extending their ceasefire, which ends on Tuesday, by another two weeks to allow more time to negotiate a peace agreement, easing geopolitical concerns and reducing safe-haven demand for the dollar. Also, Thursday’s rally in the S&P 500 to a new record high reduced liquidity demand for the dollar.Â
US weekly initial unemployment claims fell -11,000 to 207,000, showi... Read more
Barchart · 38 minutes ago
The dollar index (DXY00 ) on Thursday rose by +0.17%. The dollar recovered from a 6-week low on Thursday and moved higher as better-than-expected US economic...
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