Silver Futures Market News and Commentary
The dollar index (DXY00) on Friday rose +0.261 (+0.28%). EUR/USD (^EURUSD) fell -0.0037 (-0.31%). USD/JPY (^USDJPY) rose +0.18 (+0.16%). The dollar index on Friday climbed to a 3-1/2 week high. Higher T-note yields on Friday supported moderate gains in the dollar along with weakness in stocks, which fueled some liquidity demand for the dollar.
EUR/USD (^EURUSD) on Friday dropped to a 3-1/2 week low. The euro came under pressure Friday on speculation the ECB will maintain record-low interest rates for longer after the ECB said that a Financial Times report published Thursday "that a lift-off of interest rates could come already in 2023 is not consistent with our forward guidance."
USD/JPY (^USDJPY) on Friday posted moderate gains. The yen retreated Friday on higher T-note yields after the 10-year T-note yield rose to a 2-month high of 1.384%. The yen was also under pressure Friday from strength in Japanese stocks, which reduced the safe-haven demand for the yen a... Read more