Russian Ruble Futures Market News and Commentary
The dollar index (DXY00) on Thursday moved up by +0.066 (+0.07%). Dec euro-fx futures (E6Z9) closed down by -0.0012 (-0.11%), and EUR/USD (^EURUSD) fell by -0.0015 (-0.14%). Dec yen futures (J6Z9) closed down by -0.0004 (-0.04%), and USD/JPY (^USDJPY) rose +0.06 (+0.06%).
The dollar index recovered from early losses Thursday and moved higher on strength in T-note yields and on weakness in EUR/USD.
T-note yields rose Thursday on some trade optimism, which improved the dollar's interest rate differentials.
Trade optimism improved Thursday morning after Chinese Vice Premier Liu He, China's chief trade negotiator, said he was "cautiously optimistic" about reaching a phase one trade deal with the U.S. Also, the South China Morning Post reported Thursday that the U.S. may delay tariffs set for Dec 15 if a trade deal hasn't been reached by then. The yuan recovered from a 2-1/2 week low against the dollar Thursday on the positive trade news and is rose +0.09% against th... Read more