New Zealand Dollar Sep '26 (N6U26)
New Zealand Dollar Futures Market News and Commentary
The dollar index (DXY00) is down -0.08% as expectations for a Fed rate hike eased on today’s favorable CPI report. The dollar was also undercut by today’s -2.1 bp decline in the 10-year T-note yield, which undercut the dollar’s interest rate differentials.
Today’s July US CPI report was exactly in line with market expectations. On a year-on-year basis, the July CPI eased to +3.4% y/y from June’s +3.5%, and the core CPI eased to +2.5% from June’s +2.6%. On a month-on-month basis, the July CPI rose +0.1% m/m, and the core CPI rose +0.2% m/m.
Today’s July core CPI report of +2.5% y/y matched the 5.5-year low posted earlier this year but remained above the Fed’s 2% inflation target. The nominal CPI remains elevated at +3.4%, well above the 5.5-year low of +2.3% posted last year.
The risk of a renewed flare-up across the Middle East remains high, which is providing safe-haven demand for the dollar. There is little sign of any progress in US-Iran talks to open the S... Read more
Barchart · Wed Aug 12, 9:23AM CDT
The dollar index (DXY00 ) is down -0.08% as expectations for a Fed rate hike eased on today’s favorable CPI report. The dollar was also undercut by...
Barchart · Tue Aug 11, 2:33PM CDT
The dollar index (DXY00 ) rose by +0.06% on Tuesday. The dollar found support on Tuesday after WTI crude oil prices rose more than +1% to a 1-week high,...
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Barchart · Tue Aug 11, 9:33AM CDT
The dollar index (DXY00 ) is up by +0.05% today. The dollar found support today after WTI crude oil prices rose more than +2% to a 1-week high, which...
Barchart · Mon Aug 10, 2:36PM CDT
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