Swiss Franc Futures Market News and Commentary
The dollar index (DXY00) on Tuesday fell -0.280 (-0.30%). June euro-fx futures (E6M1) closed up +0.0041 (+0.34%), and EUR/USD (^EURUSD) rose +0.0035 (+0.29%). June yen futures (J6M1) closed up + 0.0029 (+0.32%), and USD/JPY (^USDJPY) fell -0.28 (-0.26%).
The dollar index (DXY00) on Tuesday tumbled to a 3-week low. A recovery in U.S. stock indexes on Tuesday from overnight losses curbed the liquidity demand for the dollar. A decline in T-note yields along with dovish Fed comments on Tuesday also weighed on the dollar. The dollar saw some support after U.S. Mar consumer prices rose more than expected.
EUR/USD (^EURUSD) on Tuesday pushed up to a 3-week high as higher German bund yields underpinned the euro. USD/JPY (^USDJPY) fell back as the yen strengthened after BOJ Governor Kuroda said he sees no need for the BOJ to expand its asset purchases.
Tuesday’s U.S. consumer price data was hawkish for Fed policy and supportive for the dollar.The U.S.... Read more