Silver Dec '30 (SIZ30)
Silver Futures Market News and Commentary
The dollar index (DXY00) today is up by +0.45%. The dollar is climbing today on renewed concerns that the US-Iran ceasefire may break down after President Trump said the current ceasefire was on "life support." Today's +3% surge in crude oil prices also boosts inflation expectations and may prompt the Fed to tighten monetary policy, a supportive factor for the dollar. The dollar added to its gains on today's stronger-than-expected US Apr CPI report, a hawkish factor for Fed policy.
US Apr CPI rose +3.8% y/y, stronger than expectations of +3.7% y/y and the fastest pace of increase in almost three years. Apr core CPI rose +2.8% y/y, stronger than expectations of +2.7% y/y and the largest increase in six months.
Comments today from Chicago Fed President Austan Goolsbee were hawkish and supportive of the dollar when he said the worst part of today's April CPI report is services inflation and "the Fed has got to be thinking about how do we break the chain of escalating infl... Read more
Barchart · 24 minutes ago
The dollar index (DXY00 ) today is up by +0.45%. The dollar is climbing today on renewed concerns that the US-Iran ceasefire may break down after President...
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