U.S. Dollar Index Sep '19 (DXU19)Get Real-Time Futures
U.S. Dollar Index Futures Market News and Commentary
The dollar index (DXY00) on Wednesday rose +0.069 (+0.07%). September euro-fx futures (E6U9) closed down -0.0005 (-0.04%), and EUR/USD (^EURUSD) rose +0.0004 (+0.04%). September yen futures (J6U9) closed down -0.61 (-0.64%), and USD/JPY (^USDJPY) rose +0.63 (+0.59%). The dollar index moved higher Wednesday as optimism that a U.S./China trade deal can be reached undercut the safe-haven demand for the yen. Treasury Secretary Mnuchin told CNBC in an interview this morning that negotiators were "about 90% of the way" to a trade deal with China before talks broke down and that he was "hopeful" that a trade deal between the U.S. and China can be found. EUR/USD was pressured on economic concerns after Wednesday's data showed the German Jul GfK consumer confidence index fell -0.3 to a 2-1/4 year low of 9.8, weaker than expectations of -0.1 to 10.0. The dollar maintained its gains after Wednesday's U.S. economic data showed May core capital goods orders rose +0.4%, stronger than expectations of +0.1%. The dollar continues to be undercut by expectations that the Fed will move to cut interest rates as soon as July, faster than other global central banks will move.
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