Dollar Index Update on 31 July 2017

US PRE MARKET

The US Dollar Index are trading at 93.34 with a loss of -0.61% percent or -0.58 point. The cac 40 index are trading at 5,137.83 for up with  +0.13% percent or  +6.44 point . The DAX Index are trading at 12,199.41 for up with  +0.30% percent or +36.71 point. The EURO Stoxx 50 Index are trading at 3,475.55 for up with  +0.23% percent or +7.82 point.

TODAY’S FACTORS AND EVENTS

The dollar held near a 13-month low against a basket of currencies on Monday, weighed down by political uncertainty and increased short positions, but markets were wary of pushing it lower before data due later this week.

Broad market positioning data for the week of July 25 showed short bets against the dollar swollen to their highest levels since a “taper-tantrum” peak in early 2013.

“Our short-term positions indicators are flashing red in terms of extreme bets against the dollar, especially against the euro and the Aussie and in this kind of environment, a small negative surprise in data elsewhere can trigger a washout,” said Viraj Patel, an FX strategist at ING in London.

PREVIOUS DAY ACTIVITY

U.S. market indexes were mixed on Friday. For the day the Dow Jones Industrial Average closed at 21,830.31 for up with +0.15% percent or +33.76 point. The S&P 500 closed at 2,472.10 with a loss of –0.13% percent or –3.32 point. The Nasdaq Composite closed at 6,374.68 with a loss of –0.12% percent or –7.51 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,429.26 with a loss of -0.30% percent or -4.36 point; the S&P 600 Small-Cap Index closed at 865.00 with a loss of –0.19% percent or –1.69 point; the S&P 400 Mid-Cap Index closed at 1,762.34 with a loss of –0.49% percent or –8.68 point; the S&P 100 Index closed at 1,089.53 with  a loss of -0.25% percent or  –2.72 point; the Russell 3000 Index closed at 1,463.64 with a loss of –0.15% percent or –2.24 point; the Russell 1000 Index closed at 1,369.58 with a loss of –0.14% percent or –1.93 point; and the Dow Jones U.S. Select Dividend Index closed at 21,830.31 for up with +0.15% percent or +33.76 point.

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