U.S. Dollar Index Jun '20 (DXM20)
U.S. Dollar Index Futures Market News and Commentary
The dollar index (DXY00) is down by -0.11% today.  The dollar is moving lower today as strength in stocks has reduced liquidity demand for the currency. The dollar dropped to its low after US Jun existing home sales unexpectedly declined.Â
Losses in the dollar are limited after US weekly jobless claims unexpectedly fell to a 6-week low, a sign of labor market strength. Also, the escalation of hostilities between the US and Iran has boosted demand for the dollar as a safe haven.Â
The US military struck Iran for a second day today, hitting about 90 Iranian targets to degrade the country's ability to attack commercial shipping in the Strait of Hormuz. Iran responded by targeting US bases in Bahrain, Kuwait, and Qatar with drones and missiles.
US weekly initial unemployment claims unexpectedly fell -2,000 to a 6-week low of 215,000, showing a stronger labor market than expectations of a +2,000 increase to 217,000.
US Jun existing home sales unexpectedly fell -... Read more
Barchart · 1 hour ago
The dollar index (DXY00 ) is down by -0.11% today. The dollar is moving lower today as strength in stocks has reduced liquidity demand for the currency....
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