Canadian Dollar Aug '23 (D6Q23)
Canadian Dollar Futures Market News and Commentary
The dollar index (DXY00) rose by +0.29% on Monday. The dollar pushed higher on Monday amid higher T-note yields, which strengthened the dollar’s interest rate differentials. Also, Monday’s +5% surge in WTI crude oil prices raised inflation expectations and may persuade the Fed to tighten monetary policy, a supportive factor for the dollar.
Hawkish comments on Monday from Cleveland Fed President Beth Hammack were dollar-supportive when she said she is not seeing a problem with the job market and that inflation is not coming down on its own. She added that "now is the time" for us to take action, as the current interest rate is not meaningfully restricting the economy and we would probably need "some number" of rate hikes to bring down inflation.
President Trump on Sunday signaled he's prepared to let economic pressure on Iran build rather than launch additional military strikes, saying the US was only "semi-negotiating" with Iran on the Strait of Hormuz and that the U... Read more
Barchart · Mon Aug 10, 2:36PM CDT
The dollar index (DXY00 ) rose by +0.29% on Monday. The dollar pushed higher on Monday amid higher T-note yields, which strengthened the dollar’s interest...
Barchart · Mon Aug 10, 9:32AM CDT
The dollar index (DXY00 ) is up by +0.22% today. The dollar is climbing today amid higher T-note yields, which are strengthening the dollar’s interest...
Barchart · Fri Aug 7, 2:34PM CDT
The dollar index (DXY00 ) dropped to a 7-week low on Friday and finished down -0.41%. The dollar tumbled on Friday after the US July payroll report showed...
Barchart · Fri Aug 7, 9:31AM CDT
The dollar index (DXY00 ) dropped to a 7-week low today and is down by -0.34%. The dollar tumbled today on the US July payroll report that showed an unexpected...
Wavetraders · Fri Aug 7, 2:14AM CDT
NASDAQ100 has resumed its bullish trend after completing an ABC correction, while AUDJPY is also pointing higher. As long as JPY crosses remain strong,...
Barchart · Thu Aug 6, 2:32PM CDT
The dollar index (DXY00 ) rose by +0.26% on Thursday. The dollar rallied on Thursday amid favorable US economic news. Weekly jobless claims rose less...
Barchart · 2 minutes ago
Lennox has significantly underperformed the broader market amid weaker residential demand and reduced guidance, while analysts remain moderately optimistic...
Barchart · 15 minutes ago
Argus Research upgrades Sandisk stock to Buy. Here’s why analyst Jim Kelleher sees significant further upside in SNDK shares.
Barchart · 16 minutes ago
Despite its recent weakness, McDonald’s still has some support on Wall Street, with analysts maintaining a generally positive view of the stock’s longer-term...
Barchart · 20 minutes ago
Despite trailing the S&P 500 over the past 52 weeks, Ameren continues to draw a moderately optimistic outlook from Wall Street analysts.
Barchart · 24 minutes ago
While Linde has trailed the broader market over the past year, analysts remain bullish on its future growth potential.
Barchart · 28 minutes ago
Despite trailing the broader market over the past year, News Corp continues to command strong Wall Street conviction, with analysts largely bullish on...
Barchart · 45 minutes ago
Gold’s recent rebound has renewed interest in mining stocks, which offer leveraged exposure to rising bullion prices. But after the recent rally, should...
Barchart · 57 minutes ago
If I give you 10 guesses as to what had crude oil boiling again overnight, you would only need one to get the answer correct.