Canadian Dollar Jun '27 (D6M27)
Canadian Dollar Futures Market News and Commentary
The dollar index (DXY00) on Tuesday rallied to a 6-week high, finishing up by 0.14%. The dollar moved higher on Tuesday as higher T-note yields are strengthening the dollar’s interest rate differentials. The 10-year T-note yield jumped to a 16-month high on Tuesday of 4.685%. Also, weakness in stocks on Tuesday boosted liquidity demand for the dollar. In addition, the ongoing US-Iran war is boosting demand for the dollar as a safe haven. The dollar added to its gains Tuesday on the stronger-than-expected Apr pending home sales report.
US Apr pending home sales rose +1.4% m/m, stronger than expectations of +1.0% m/m. Also, Mar lending home sales were revised upward to +1.7% m/m from the previously reported +1.5% m/m.
Swaps markets are discounting the odds at 6% for a 25 bp rate cut at the next FOMC meeting on June 16-17.
EUR/USD (^EURUSD) fell to a 1.25-month low on Tuesday and finished down -0.45%. The dollar’s strength on Tuesday weighed on the euro.  On the... Read more
Barchart · 1 hour ago
The dollar index (DXY00 ) on Tuesday rallied to a 6-week high, finishing up by 0.14%. The dollar moved higher on Tuesday as higher T-note yields are strengthening...
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The dollar index (DXY00 ) on Tuesday rallied to a 6-week high, finishing up by 0.14%. The dollar moved higher on Tuesday as higher T-note yields are strengthening...
