Brazilian Real Futures Market News and Commentary
The dollar index (DXY00) on Friday rose +0.239 (+0.26%). EUR/USD (^EURUSD) fell -0.0024 (-0.20%). USD/JPY (^USDJPY) rose +0.45 (+0.41%). The dollar index on Friday moved moderately higher. A jump in T-note yields on Friday was supportive for the dollar after the 10-year T-note yield rose to a 2-1/2 month high of 1.465%. Hawkish comments on Friday from Kansas City Fed President George and Cleveland Fed President Mester were also bullish for the dollar.
EUR/USD (^EURUSD) on Friday posted moderate losses. The euro moved lower Friday on dollar strength along with weakness in German business confidence after the German Sep IFO business climate fell -0.8 to a 5-month low of 98.8, weaker than expectations of 99.0.
USD/JPY (^USDJPY) on Friday moved higher for the third day and posted a 6-week high. The yen was under pressure the entire day Friday from higher T-note yields after the 10-year T-note yield rose to a 2-1/2 month high of 1.465%. The yen was also under press... Read more