Swiss Franc Futures Market News and Commentary
The dollar index (DXY00) on Thursday fell -0.402 (-0.44%). Dec euro-fx futures (E6Z0) closed up +0.0043 (+0.35%), and EUR/USD (^EURUSD) rose +0.0030 (+0.25%). Dec yen futures (J6Z0) closed up +0.0054 (+0.56%), and USD/JPY (^USDJPY) fell -0.47 (-0.45%).
The dollar index on Thursday added to this week's losses and posted a new 2-1/2 year low. The dollar is seeing reduced liquidity demand with Thursday's higher trade in stocks. EUR/USD rallied to a fresh 2-1/2 year high on stronger-than-expected Eurozone economic data. USD/JPY fell moderately as the yen strengthened on a report that said the BOJ would likely extend its special funding program.
U.S. stock indexes on Thursday pushed higher with the S&P 500 and Nasdaq 100 at new record highs, which pressured the dollar on optimism U.S. lawmakers will pass a pandemic relief package. Prospects improved for passage of a plan after House Speaker Pelosi endorsed a bipartisan $908 billion stimulus package. The... Read more