Scrap 6063 Aluminum Extru. Idx Futures Market News and Commentary
The dollar index (DXY00) today is up by +0.36%. The dollar garnered support today after weekly US jobless claims fell more than expected to a 4-month low, a hawkish factor for Fed policy. Also, higher T-note yields today have strengthened the dollar’s interest rate differentials.  The dollar fell back from its best levels today after the British pound (^GBPUSD) surged to a 2-1/2 year high when the BOE kept interest rates unchanged.
US weekly initial unemployment claims fell -12,000 to a 4-month low of 219,000, showing a stronger labor market than expectations of 230,000.
The US Aug Philadelphia Fed business outlook survey rose +8.7 to 1.7, stronger than expectations of 0.0.
US Aug existing home sales fell -2.5% m/m to a 10-month low of 3.86 million, weaker than expectations of 3.90 million.
US Aug leading economic indicators fell -0.2% m/m, a smaller decline than expectations of -0.3% m/m.
The markets are discounting the chances at 100% for a -25 bp ra... Read more