Canadian Dollar Sep '23 (D6U23)
Canadian Dollar Futures Market News and Commentary
The dollar index (DXY00) is sharply lower today by 1.13% at a 4-week low.  The dollar is plummeting today after the US and Iran agreed to a ceasefire, curbing safe-haven demand for the dollar. Also, today's surge in equity markets has reduced liquidity demand for the dollar. In addition, sharply lower T-note yields today have weakened the dollar's interest rate differentials.Â
Swaps markets are discounting the odds at 2% for a +25 bp rate hike at the April 28-29 FOMC meeting.
The dollar continues to be undercut by a poor outlook for interest rate differentials, with the FOMC expected to cut interest rates by at least -25 bp in 2026, while the BOJ and ECB are expected to raise rates by at least +25 bp in 2026.Â
EUR/USD (^EURUSD) today is up by +0.91% at a 5-week high.  Today's plunge in the dollar is boosting the euro. Also, today's 17% plunge in crude oil prices is positive for the euro and the Eurozone economy, as Europe imports most of its energy needs.  Today's... Read more
Barchart 29 minutes ago
The dollar index (DXY00 ) is sharply lower today by 1.13% at a 4-week low. The dollar is plummeting today after the US and Iran agreed to a ceasefire,...
Wavetraders Wed Apr 8, 5:10AM CDT
Looking at the daily chart, there is still room for further upside, as the market may have already completed a higher degree five wave decline from the...
Barchart Tue Apr 7, 2:32PM CDT
The dollar index (DXY00 ) on Tuesday fell by -0.11%. The dollar was under pressure on Tuesday on concerns that the lingering Iran war could lead to a...
Barchart Tue Apr 7, 9:36AM CDT
The dollar index (DXY00 ) today is down by -0.04%. The dollar is under pressure today on concerns that the lingering Iran war could lead to a spike in...
Barchart Mon Apr 6, 2:37PM CDT
The dollar index (DXY00 ) on Monday fell by -0.04%. The dollar was under pressure on Monday as stocks recovered on hopes for a ceasefire in Iran, curbing...
Barchart Mon Apr 6, 10:45AM CDT
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The dollar index (DXY00 ) is sharply lower today by 1.13% at a 4-week low. The dollar is plummeting today after the US and Iran agreed to a ceasefire,...
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