New Zealand Dollar Sep '26 (N6U26)
New Zealand Dollar Futures Market News and Commentary
The dollar index (DXY00) is up by +0.12% today. Soaring T-note yields today have strengthened the dollar’s interest rate differentials and are pushing the dollar higher. Also, today’s +2% rally in WTI crude oil to a 6-week high is raising inflation expectations and could potentially persuade the Fed to raise interest rates, a supportive factor for the dollar. In addition, today’s stock slump has boosted liquidity demand for the dollar.
The dollar fell back from its best level today on weaker-than-expected US economic news, including Aug ISM manufacturing, July construction spending, and July JOLTS job openings.
The US Aug ISM manufacturing index fell -1.0 to 54.6, weaker than expectations of 55.2. The Aug ISM prices paid sub-index was unchanged at 71.1, stronger than expectations of a decline to 70.8.
US July construction spending fell -0.5% m/m, weaker than expectations of no change.
US July JOLTS job openings unexpectedly rose +89,000 to 7.271 million... Read more
Barchart · Tue Sep 1, 9:34AM CDT
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