Euro FX Cash (E6Y00)
Euro FX Futures Market News and Commentary
The dollar index (DXY00) on Wednesday rose +0.157 (+0.16%). Jun euro-fx futures (E6M0) closed down -0.0003 (-0.03%), and EUR/USD (^EURUSD) rose +0.0012 (+0.11%). Jun yen futures (J6M0) closed down -0.15 (-0.16%), and USD/JPY (^USDJPY) rose +0.18 (+0.17%).
The dollar index on Wednesday recovered from a fresh 3-week low and moved higher as the yuan sank to an 8-1/2 month low against the dollar on rising U.S./China tensions. The dollar initially fell to a 3-week low Wednesday morning on strength in EUR/USD which rallied to a 1-3/4 month high after the European Union (EU) finalized plans for a coronavirus rescue package.
Comments on Wednesday from New York Fed President Williams were dovish for Fed policy and dollar-negative when he said he expects inflation to be low over the next year or so and that the Fed will "use all our available tools" to meet its goals of maximum employment and stable inflation.
Wednesday's Fed Beige Book was bearish for the dollar as it sa... Read more
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