New Zealand Dollar Sep '24 (N6U24)
New Zealand Dollar Futures Market News and Commentary
The dollar index (DXY00) today rallied to a 13-month high, up by 0.54%. The dollar is climbing today on carryover support from Wednesday, when the FOMC projected higher interest rates later this year.  Today's US economic news is also supportive of the dollar as weekly jobless claims fell as expected and the June Philadelphia Fed business outlook survey rose more than expected.
On the negative side for the dollar is today's -2% decline in WTI crude oil prices to a 3.5-month low, which lowers inflation expectations and could potentially allow the Fed to pursue easier monetary policies, a bearish factor for the dollar. Also, today's stock rally has reduced liquidity demand for the dollar.
US weekly initial unemployment claims fell by -4,000 to 226,000, close to expectations of 225,000.
The US Jun Philadelphia Fed business outlook survey rose +10.7 to 10.3, stronger than expectations of 10.0.
US May leading indicators rose +0.1% m/m, right on expectations.
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Barchart · Thu Jun 18, 9:33AM CDT
The dollar index (DXY00 ) today rallied to a 13-month high, up by 0.54%. The dollar is climbing today on carryover support from Wednesday, when the FOMC...
Barchart · Wed Jun 17, 2:37PM CDT
The dollar index (DXY00 ) on Wednesday rose by +0.49%. The dollar moved higher on Wednesday, supported by stronger-than-expected US economic reports on...
Barchart · Wed Jun 17, 9:36AM CDT
The dollar index (DXY00 ) today is up by +0.12%. The dollar is moving higher today, supported by stronger-than-expected US economic reports on May retail...
Barchart · Tue Jun 16, 2:34PM CDT
The dollar index (DXY00 ) on Tuesday fell by -0.12%. Tuesday’s weaker-than-expected US May housing starts and building permits reports undercut the...
Barchart · Tue Jun 16, 2:31PM CDT
September Euro currency futures present a selling opportunity on more price weakness.
Barchart · Tue Jun 16, 9:34AM CDT
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