U.S. Dollar Index Sep '24 (DXU24)
U.S. Dollar Index Futures Market News and Commentary
The dollar index (DXY00) today fell from a 7-week high and is down -0.13%. The dollar gave up an early advance and turned lower today on weaker-than-expected US economic news that is dovish for Fed policy.  Weekly jobless claims rose more than expected, Apr capital goods new orders nondefense ex-aircraft and parts unexpectedly declined, Q1 GDP was revised lower, and the Apr core PCE price index, the Fed's preferred inflation gauge, rose as expected. Also, Apr new home sales fell more than expected.
The dollar initially moved higher today after US forces shot down four Iranian drones fired at a commercial ship and hit a launch site near the Strait of Hormuz, which boosted safe-haven demand for the dollar. Also, today's +2% jump in WTI crude oil raises inflation expectations and may prompt the Fed to tighten monetary policy, a positive factor for the dollar. In addition, hawkish comments from Fed Governor Lisa Cook, Minneapolis Fed President Neel Kashkari, and St. Louis Fed... Read more
Barchart · Thu May 28, 9:35AM CDT
The dollar index (DXY00 ) today fell from a 7-week high and is down -0.13%. The dollar gave up an early advance and turned lower today on weaker-than-expected...
Barchart · Wed May 27, 2:34PM CDT
The dollar index (DXY00 ) on Wednesday rose by +0.03%. The dollar recovered from early losses on Wednesday and posted modest gains on conflicting signals...
Barchart · Wed May 27, 9:41AM CDT
The dollar index (DXY00 ) today is down by -0.11%. The dollar is under pressure today amid a -4% plunge in crude oil prices to a 5-week low, which lowers...
Gold Price Forecast · Wed May 27, 7:46AM CDT
The fact that gold declined so much on "nothing" is truly profound.
Barchart · Tue May 26, 2:36PM CDT
The dollar index (DXY00 ) on Tuesday fell by -0.07%. The dollar moved lower on Tuesday amid signs that peace negotiations between the US and Iran are...
Barchart Impact · Tue May 26, 10:51AM CDT
How a single forex broker built a global business by staying steady, even when markets weren't.
Barchart · 39 minutes ago
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