Swiss Franc Futures Market News and Commentary
The dollar index (DXY00) on Wednesday fell -0.133 (-0.14%). EUR/USD (^EURUSD) rose +0.0026 (+0.22%). USD/JPY (^USDJPY) rose +0.16 (+0.15%). The dollar index on Wednesday fell to a fresh 1-1/2 week low. The dollar on Wednesday initially opened higher on strength in T-note yields but gave up its advance and turned lower on dovish comments from Fed Chair Powell. The dollar was also under pressure from concern that the worsening of the pandemic in the U.S will lead to tighter restrictions that curb economic growth.
EUR/USD (^EURUSD) on Wednesday rose moderately. Signs of increase price pressures in the Eurozone are hawkish for ECB policy and positive for the euro after the German Jun import price index rose +12.9% y/y, stronger than expectations of +12.6% y/y and the biggest increase in 39-1/2 years. Gains in EUR/USD were limited after the German Aug GfK consumer confidence was unchanged at -0.3, weaker than expectations of an increase to 1.0. USD/JPY (^USDJPY) on Wednes... Read more