U.S. Dollar Index Jun '19 (DXM19)
U.S. Dollar Index Futures Market News and Commentary
The dollar index (DXY00) today climbed to a 2-week high, up by +0.10%. The dollar garnered support from today's as-expected US April retail sales report. Also, signs of progress in US-China trade negotiations are supportive of the dollar after Reuters reported that the US and China are weighing a potential framework under which each country identifies about $30 billion in goods on which tariffs could be eased without threatening national security interests.Â
US weekly initial unemployment claims rose +12,000 to 211,000, showing a slightly weaker labor market than expectations of 205,000.Â
US Apr retail sales rose +0.5% m/m, right on expectations. Also, Apr retail sales ex-autos rose +0.7% m/m, right on expectations.
The US Apr import price index ex-petroleum rose by +0.7% m/m, stronger than expectations of +0.5% m/m.
Swaps markets are discounting the odds at 4% for a 25 bp rate cut at the next FOMC meeting on June 16-17.
EUR/USD (^EURUSD) slid to a 1-... Read more
Barchart · 47 minutes ago
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