Dollar Index Update on 11 July 2017

US PRE MARKET

The US Dollar Index are trading at 96.12 for up with +0.06% percent or +0.05 point . The cac 40 index are trading at 5,159.22 with a loss of –0.12% percent or –6.42 point . The DAX Index are trading at 12,470.46 for up with +0.20% percent or +24.54 point. The EURO Stoxx 50 Index are trading at 3,475.36 with a loss of –0.08% percent or –0.10% point.

TODAY’S FACTORS AND EVENTS

The dollar’s advance against its major peers slowed on Tuesday as a rise in sovereign bond yields paused, with investors awaiting comments from Federal Reserve Chair Janet Yellen for fresh cues on policy direction.

The dollar was 0.1 percent higher at 114.190 yen following a rise to a two-month high of 114.300 overnight.

The euro was effectively flat at $1.1394 after inching down about 0.1 percent the previous day.

“The dollar is capped as the surge in German bund yields stopped overnight and in turn dragged down U.S. Treasury yields. The recent surge in bond yields appears overdone and we are seeing a bit of a correction,” said Yukio Ishizuki, senior currency strategist at Daiwa Securities.

Investors have dumped euro zone government bonds over the past two weeks on expectations the European Central Bank (ECB) would unwind extraordinary stimulus sooner rather than later.

PREVIOUS DAY ACTIVITY

U.S. market indexes were mixed on Monday. For the day the Dow Jones Industrial Average closed at 21,408.52 with a loss of –0.03% percent or –5.82 point. The S&P 500 closed at 2,427.43 for up with +0.09% percent or +2.25 point. The Nasdaq Composite closed at 6,176.39 for up with +0.38% percent or +23.31 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,408.47 with a loss of -0.52% percent or -7.36 point; the S&P 600 Small-Cap Index closed at 849.34 with a loss of – 0.63% percent or –5.39 point; the S&P 400 Mid-Cap Index closed at 1,743.07 with a loss of –0.25% percent or –4.29 point; the S&P 100 Index closed at 1,069.62 for up with +0.09% percent or +0.97 point; the Russell 3000 Index closed at 1,437.43 for up with of +0.02% percent or +0.31 point; the Russell 1000 Index closed at 1,344.67 for up with +0.07% percent or +0.90 point; and the Dow Jones U.S. Select Dividend Index closed at 21,408.52  with a loss of –0.03% percent or – 5.82 point.

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