Brazilian Real Futures Market News and Commentary
The dollar index (DXY00) on Monday rose +0.199 (+0.21%). The dollar index on Monday moved moderately higher as higher T-note yields supported gains in the dollar. Weakness in the euro and the yen against the dollar on Monday also pushed the dollar index higher.
EUR/USD (^EURUSD) on Monday fell -0.0035 (-0.31%). EUR/USD fell back Monday as weaker-than-expected Eurozone economic data undercut EUR/USD. The Eurozone Dec Sentix investor confidence fell -4.8 to 13.5. Also, German Oct factory orders fell -6.9% m/m, weaker than expectations of -0.3% m/m.
USD/JPY (^USDJPY) on Monday rose +0.66 (+0.59%). USD/JPY on Monday posted moderate gains as higher T-note yields weighed on the yen and boosted USD/JPY. Also, an easing of concerns about the omicron Covid variant has reduced the safe-haven demand for the yen.
The People's Bank of China (PBOC) on Monday cut the reserve requirement ratio for most banks by -0.50 points to 11.50%, effective Dec 15, which will boost liqu... Read more