Euro FX Sep '23 (E6U23)
Euro FX Futures Market News and Commentary
The dollar index (DXY00) on Wednesday rose by +0.20 (+0.20%), recovering from early losses tied to the dovish US CPI report and reduced expectations for a Fed rate hike. The dollar rebounded higher as T-note prices closed just mildly higher, weighed down by the fact that Wednesday's 10-year T-note auction produced the highest yield since the 2007 financial crisis. Investors have demanded higher Treasury yields, partially due to Fed Chair Warsh's reduced guidance and uncertainty about the Fed's inflation-fighting resolve.
Wednesday's July US CPI report was exactly in line with market expectations. On a year-on-year basis, the July CPI eased to +3.4% y/y from June's +3.5%, and the core CPI eased to +2.5% from June's +2.6%. On a month-on-month basis, the July CPI rose +0.1% m/m, and the core CPI rose +0.2% m/m.
The July core CPI report of +2.5% y/y matched the 5.5-year low posted earlier this year but remained above the Fed's 2% inflation target. The nominal CPI remain... Read more
Barchart · Wed Aug 12, 3:13PM CDT
The dollar index (DXY00 ) on Wednesday rose by +0.20 (+0.20%), recovering from early losses tied to the dovish US CPI report and reduced expectations for...
Barchart · Wed Aug 12, 9:23AM CDT
The dollar index (DXY00 ) is down -0.08% as expectations for a Fed rate hike eased on today’s favorable CPI report. The dollar was also undercut by...
Barchart · Tue Aug 11, 2:33PM CDT
The dollar index (DXY00 ) rose by +0.06% on Tuesday. The dollar found support on Tuesday after WTI crude oil prices rose more than +1% to a 1-week high,...
Barchart · Tue Aug 11, 9:54AM CDT
The bulls have the near-term technical advantage when it comes to December Australian dollar futures. What else to know.
Barchart · Tue Aug 11, 9:33AM CDT
The dollar index (DXY00 ) is up by +0.05% today. The dollar found support today after WTI crude oil prices rose more than +2% to a 1-week high, which...
Barchart · Mon Aug 10, 2:36PM CDT
The dollar index (DXY00 ) rose by +0.29% on Monday. The dollar pushed higher on Monday amid higher T-note yields, which strengthened the dollar’s interest...
Barchart · 50 minutes ago
Corn futures closed the Wednesday session with contracts down 18 to 20 ½ cents in through next July, with deferreds up 4 to 11 ½ cents. Spillover gains...
Barchart · 50 minutes ago
Live cattle futures posted $2.00 to $2.97 losses across the board. There were no deliveries issued against August futures on Wednesday. Cash trade has...
Barchart · 50 minutes ago
Lean hog futures closed the midweek session with contracts 22 to 95 cent gains, as soon to expire August was down 20 cents. USDA’s national base hog...
Barchart · 50 minutes ago
Soybeans posted 6 to 17 ¼ cent gains on Wednesday despite a neutral to slightly bearish USDA report. The cmdtyView national average Cash Bean price was...
Barchart · 50 minutes ago
The wheat complex is trading with sharp midday gains across the three exchanges. Chicago SRW contracts were 13 ¾ to 22 ½ cents higher across the board...
Barchart · 50 minutes ago
Cotton futures saw strength on Wednesday, with contracts 8 to 48 points higher, as December was the lone holdout, down a tick. Crude oil was down just...
Barchart · 1 hour ago
SpaceX just joined the hyperscaler club, helping push projected 2027 AI capex to $1.15 trillion. That could fuel another wave of demand for chips, memory,...
Barchart · Wed Aug 12, 3:47PM CDT
HP’s strong growth faces a key test as rising component costs threaten to pressure profits despite growing AI PC adoption.