Canadian Dollar Futures Market News and Commentary
The dollar index (DXY00) on Thursday rose +0.212 (+0.23%). EUR/USD (^EURUSD) fell -0.0028 (-0.24%). USD/JPY (^USDJPY) fell -0.34 (-0.30%). The dollar index on Thursday rose moderately on a jump in T-note yields after the 10-year T-note yield rose to a 5-month high of 1.682%. The dollar extended its gains Thursday on hawkish comments from Fed Governor Waller.
EUR/USD (^EURUSD) on Thursday posted moderate losses due to strength in the dollar. Divergent central bank policies also weighed on EUR/USD, with the Fed expected to taper QE well before the ECB.
USD/JPY (^USDJPY) on Thursday posted moderate losses. The yen strengthened Thursday on increased safe-haven demand after the Nikkei Stock Index fell -1.67%. The yen also found support Thursday on a report from Kyodo News that said Tokyo is set to roll back pandemic restrictions starting this Monday.
Thursday’s U.S economic data was mixed for the dollar. On the positive side, U.S. weekly initial unemployment cla... Read more