Russian Ruble Futures Market News and Commentary
The dollar index (DXY00) this morning is down -0.04 (-0.04%). Mar euro-fx futures (E6H0) are unchanged, and EUR/USD (^EURUSD) is up +0.0006 (+0.05%). Mar yen futures (J6H0) are down -0.0014 (-0.16%), and USD/JPY (^USDJPY) is up +0.08 (+0.07%).
The dollar index is slightly lower this morning on weaker-than-expected U.S. data and on strength in GBP/USD after better-than-expected UK economic data curbed speculation the BOE will cut interest rates.
Today's U.S. economic data weighed on the dollar after the Dec Chicago Fed national activity index fell -0.76 to -0.35, weaker than expectations of -0.43 to 0.13. Also, the Nov FHFA house price index rose +0.2% m/m, weaker than expectations of +0.3% m/m.
GBP/USD is up +0.62% this morning at a 2-week high on stronger-than-expected UK economic data. Today's Jan CBI trends total manufacturing orders survey rose +6 to a 5-month high of -22, stronger than expectations of +3 to -25. Also, the Jan CBI business optimism survey ro... Read more