Russian Ruble Dec '19 (R6Z19)
Russian Ruble Futures Market News and Commentary
The dollar index (DXY00) on Thursday fell by -0.217 (-0.22%). Dec euro-fx futures (E6Z9) closed up by +0.0018 (+0.16%), and EUR/USD (^EURUSD) moved up by +0.0013 (+0.12%). Dec yen futures (J6Z9) closed up by +0.0032 (+0.35%), and USD/JPY (^USDJPY) fell by -0.41 (-0.38%).
The dollar index moved lower Thursday as trade uncertainty undercut stocks and fueled gains in the yen.
USD/JPY slipped to a 1-week low Thursday as weakness in stocks boosted safe-haven demand for the yen. Stocks were knocked back Thursday on U.S./China trade concerns along with mixed global economic data. USD/JPY remained lower despite Thursday's data that showed Japan Q3 GDP rose +0.2% (q/q annualized), weaker than expectations of +0.9%, which is dovish for BOJ policy. However, price pressures ticked up, which reduces the chance of additional BOJ stimulus, after the Japan Q3 deflator rose +0.6% y/y, stronger than expectations of +0.5% y/y and the fastest pace of increase in over 3 years.
EUR/U... Read more
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