South African Rand Futures Market News and Commentary
The dollar index (DXY00) this morning is down -0.110 (-0.11%). June euro-fx futures (E6M1) are up +0.0026 (+0.22%), and EUR/USD (^EURUSD) is up +0.0021 (+0.18%). June yen futures (J6M1) are up + 0.0011 (+0.11%), and USD/JPY (^USDJPY) is down -0.11 (-0.10%).
The dollar index (DXY00) this morning fell to a 3-week low. A recovery in U.S. stock indexes this morning from overnight losses has curbed the liquidity demand for the dollar. A worsening of the pandemic in the U.S. is also weighing on the dollar. Losses in the dollar were contained after U.S. Mar consumer prices rose more than expected.
EUR/USD (^EURUSD) this morning 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.
Today’s U.S. consumer price data was hawkish for Fed policy and supportive for the dollar after U.S. Mar cor... Read more