Dollar Index Update on 12 July 2017

US PRE MARKET

The US Dollar Index are trading at 95.72 with a loss of -0.04% percent or -0.05 point . The cac 40 index are trading at 5,186.24 for up with  +0.89% percent or +45.64 point . The DAX Index are trading at 12,520.04 for up with +0.67% percent or +83.02 point. The EURO Stoxx 50 Index are trading at 3,490.48 for up with  +0.75% percent or +26.00 point.

TODAY’S FACTORS AND EVENTS

The dollar slipped against the yen on Wednesday, surrendering some of its recent solid gains as investors moved to the sidelines ahead of testimony from Federal Reserve Chair Janet Yellen.

 The greenback edged 0.4 percent lower against the yen to 113.49 in early trades after rising more than 5 percent over the last month as traders played the diverging trends between a hawkish Fed and a dovish Bank of Japan.

“The Yellen testimony remains the key event risk in today’s session but we remain optimistic about the dollar’s outlook and putting on a long position against sterling is the best way to execute that view,” said Adam Cole, head of FX strategy at RBC Capital Markets in London.

PREVIOUS DAY ACTIVITY

U.S. market indexes were mixed on Tuesday. For the day the Dow Jones Industrial Average closed at 21,409.07 with 0.00% percent or +0.55 point. The S&P 500 closed at 2,425.53  with a loss of  –0.08% percent or –1.90 point. The Nasdaq Composite closed at 6,193.30 for up with +0.27% percent or +16.91 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,413.05 for up with  +0.33% percent or +4.58 point; the S&P 600 Small-Cap Index closed at 851.35 for up with  +0.24% percent or +2.01 point; the S&P 400 Mid-Cap Index closed at 1,745.35 for up with  +0.13% percent or +2.28 point; the S&P 100 Index closed at 1,068.81 with a loss of –0.08% percent or –0.81 point; the Russell 3000 Index closed at 1,437.24  with a loss of –0.01% percent or –0.19 point; the Russell 1000 Index closed at 1,344.12 with a loss of –0.04% percent or –0.55 point; and the Dow Jones U.S. Select Dividend Index closed at 21,409.07 with  0.00% percent or +0.55 point.

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