Euro FX Sep '24 (E6U24)
Euro FX Futures Market News and Commentary
The dollar index (DXY00) today is up +0.02%. The dollar found some support today after the May MNI Chicago PMI rose more than expected at its strongest pace in 4.25 years. On the negative side for the dollar is the improving prospects for a US-Iran peace deal, which has fueled a stock rally, reducing liquidity demand for the dollar. Also, today's -1% fall in WTI crude oil to a 5-week low lowers inflation expectations and could prompt the Fed to ease monetary policy, a bearish factor for the dollar.Â
The US May MNI Chicago PMI rose +13.5 to 62.7, stronger than expectations of 50.3 and the strongest pace of expansion in 4.25 years.
San Francisco Fed President Mary Daly said Fed interest rate policy is in a good place and that she's "cautiously optimistic" about the US economy, noting that "there's no urgency to make an adjustment" to interest rates.
Kansas City Fed President Jeff Schmid said, "With inflation running above the Fed's 2% definition of price stability... Read more
Barchart · Fri May 29, 9:37AM CDT
The dollar index (DXY00 ) today is up +0.02%. The dollar found some support today after the May MNI Chicago PMI rose more than expected at its strongest...
Wavetraders · Fri May 29, 3:48AM CDT
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Wavetraders · Fri May 29, 2:48AM CDT
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Barchart · Thu May 28, 2:33PM CDT
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Barchart · Thu May 28, 9:35AM CDT
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Barchart · Wed May 27, 2:34PM CDT
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Barchart · 4 minutes ago
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Barchart · 12 minutes ago
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Barchart · 13 minutes ago
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Barchart · 17 minutes ago
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Barchart · 17 minutes ago
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Barchart · 17 minutes ago
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Barchart · 17 minutes ago
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Barchart · 17 minutes ago
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