Swiss Franc Futures Market News and Commentary
The dollar index (DXY00) this morning is up by +0.153 (+0.16%). Dec euro-fx futures (E6Z9) are down by -0.0019 (-0.17%), and EUR/USD (^EURUSD) is down by -0.0012 (-0.13%). Dec yen futures (J6Z9) are down up by -0.0012 (-0.13%), and USD/JPY (^USDJPY) is up by +0.11 (+0.10%).
The dollar index is slightly higher this morning on weakness in EUR/USD and on short-covering ahead of today's lunchtime speech from President Trump.
President Trump today may give an indication of how the US/China trade talks are going when he speaks on trade to the Economic Club of New York at lunchtime today. The dollar fell back Monday after President Trump said Saturday that reports about how much the U.S. was ready to roll back tariffs on China were "incorrect."
EUR/USD tumbled to a 4-week low today after ECB Vice President Guindos said a recession in the Eurozone is unlikely, but a long low-growth phase is a threat. Guindos' comments undercut EUR/USD as they suggest he is in favor of k... Read more