Brazilian Real Futures Market News and Commentary
The dollar index (DXY00) on Friday rose +0.096 (+0.10%). June euro-fx futures (E6M1) closed down -0.0014 (-0.12%), and EUR/USD (^EURUSD) fell -0.0011 (-0.09%). June yen futures (J6M1) closed down - 0.0033 (-0.36%), and USD/JPY (^USDJPY) rose +0.38 (+0.35%).
The dollar index (DXY00) on Friday closed mildly higher on support from an increase in T-note yields that was driven by a larger-than-expected rise in the U.S. PPI report.
EUR/USD (^EURUSD) moved lower Friday on Eurozone economic concerns after Germany and France both saw unexpected declines in industrial production in February. USD/JPY (^USDJPY) posted moderate gains as the yen weakened on concern economic activity will be curtailed in Japan as a resurgence of Covid infections prompted the Japanese government to reimpose pandemic restrictions.
Friday’s U.S. producer price data was hawkish for Fed policy and supportive for the dollar. U.S. Mar core PPI rose +0.7% m/m and +3.1% y/y, stronge... Read more