Dollar Index Update on 03 October 2017

US PRE MARKET

The US Dollar Index are trading at 93.53  with a loss of -0.10% percent or -0.09 point. The cac 40 index are trading at 5,360.71 for up with +0.19% percent or +10.38point . The DAX Index are trading at 12,902.65 for up with  +0.58% percent or +73.79 point. The EURO Stoxx 50 Index are trading at 3,599.12 for up with +0.11% percent or +4.07 point.

TODAY’S FACTORS AND EVENTS

The dollar climbed for a second consecutive day on Tuesday as a strong reading for U.S. manufacturing activity pushed bond yields higher, prompting investors to trim some of their extreme short bets against the greenback.

As expectations of a U.S. rate increase hardened to more than 71 percent by December from 42 percent a month earlier, according to the CME’s Fedwatch indicator, the dollar has rallied more than 3 percent over the last month.

“Divergence trades between the Fed and the (European Central Bank) are back in fashion again and until we see a fresh commitment from the ECB to scale back its policy stimulus, the dollar will continue to gain against the euro,” said Esther Maria Reichelt, an FX strategist at Commerzbank in Frankfurt.

PREVIOUS DAY ACTIVITY

U.S. market were  higher on Monday. For the day the Dow Jones Industrial Average closed at 22,557.60 for up with +0.68% percent or +152.51 point. The S&P 500 closed at 2,529.12 for up with +0.39% percent or +9.76 point. The Nasdaq Composite closed at 6,516.72  for up with +0.32% percent or +20.76 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,509.47 for up with  +1.25% percent or +18.61 point; the S&P 600 Small-Cap Index closed at 916.99 for up with +1.44% percent or  +13.01 point; the S&P 400 Mid-Cap Index closed at 1,811.01  for up with  +0.84% percent or +15.07 point; the S&P 100 Index closed at 1,116.74 for up with +0.41% percent or +4.55 point; the Russell 3000 Index closed at 1,502.63 for up with +0.48% percent or +7.20 point; the Russell 1000 Index closed at 1,402.72 for up with +0.42% percent or +5.82point; and the Dow Jones U.S. Select Dividend Index closed at 22,557.60 for up with +0.68% percent or +152.51 point.

You may also like...

Rules of Discussion on Dollar Index Update on 03 October 2017

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.