Euro FX Jun '26 (E6M26)
Euro FX Futures Market News and Commentary
The dollar index (DXY00) today fell to a 7-week low and is down by -0.45%.  The dollar is under pressure today in hopes that an end to the war in Iran is near, curbing safe-haven demand for the dollar. Also, today's rally in stocks has reduced liquidity demand for the dollar. In addition, today's 10% plunge in WTI crude oil eases inflation expectations, which is dovish for Fed policy and negative for the dollar.
Axios reported that the US and Iran are negotiating over a three-page plan to end the war, with one element under discussion being that the US would release $20 billion in frozen Iranian assets in return for Iran giving up its stockpile of enriched uranium. Talks between the US and Iran are expected to continue in Pakistan on Sunday.
Swaps markets are discounting the odds at 1% for a +25 bp rate hike at the April 28-29 FOMC meeting.
The dollar continues to be undercut by a poor outlook for interest rate differentials, with the FOMC expected to cut interes... Read more
Barchart · Fri Apr 17, 10:08AM CDT
The dollar index, which measures the U.S. dollar against other major reserve currencies, has been in a bearish trend since 2022. However, since 2008, the...
Barchart · Fri Apr 17, 9:33AM CDT
The dollar index (DXY00 ) today fell to a 7-week low and is down by -0.45%. The dollar is under pressure today in hopes that an end to the war in Iran...
Barchart · Thu Apr 16, 2:37PM CDT
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