Russian Ruble Sep '20 (R6U20)
Russian Ruble Futures Market News and Commentary
The dollar index (DXY00) on Monday rose +0.374 (+0.41%). March euro-fx futures (E6H1) closed down -0.0056 (-0.47%), and EUR/USD (^EURUSD) fell -0.0063 (-0.53%). March yen futures (J6H1) closed down -0.0046 (-0.49%), and USD/JPY (^USDJPY) rose +0.51 (+0.47%).
The dollar index on Monday rallied for the fourth day and posted a 3-1/2 month high. Higher T-note yields on Monday were supportive for the dollar.Also, the Senate’s passage on Saturday of the Biden administration’s $1.9 trillion pandemic stimulus package was positive for the dollar.
EUR/USD (^EURUSD) on Monday slid to a 3-1/2 month low on dollar strength and mixed Eurozone economic data. USD/JPY (^USDJPY) climbed to a 9-month high on dollar weakness along with speculation the BOJ will maintain its stimulus measures.
Higher T-note yields on Monday improved the dollar’s interest rate differentials and were supportive for the dollar. The 10-year T-note yield rose +2.8 bp on Monday to 1.594%... Read more
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