Dollar Index Update on 04 December 2017

US PRE MARKET

The US Dollar Index are trading at 93.28 for up with +0.18% percent or +0.18% point. The cac 40 index are trading at 5,370.80 for up with +1.01% percent or +53.92 point . The DAX Index are trading at 13,021.92 for up  with +1.25% percent or +160.43 point. The EURO Stoxx 50 Index are trading at 3,564.94 for up with +1.06% percent or +37.39 point.

TODAY’S FACTORS AND EVENTS

The dollar was broadly higher on Monday, reaching a 2-1/2-week peak against the yen, lifted after the U.S. Senate approved a tax overhaul at the weekend.

The Senate’s approval on Saturday moves Republicans and President Donald Trump a big step closer to their goal of slashing taxes in what would be the largest change to U.S. tax laws since the 1980s.

The dollar has drawn support on expectations that tax cuts for corporations and the wealthy would stimulate the U.S. economy, and also drive Treasury yields higher, as the government becomes more dependent on debt due to reduced tax income.

PREVIOUS DAY ACTIVITY

U.S. market were lower on Friday. For the day the Dow Jones Industrial Average closed at 24,231.59  with a loss of –0.17% percent or –40.76 point. The S&P 500 closed at 2,642.22 with a loss of –0.20% percent or –5.36 point. The Nasdaq Composite closed at 6,847.59 with a loss of –0.38% percent or –26.39 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,537.02 with a loss of -0.46% percent or -7.12 point; the S&P 600 Small-Cap Index closed at 937.31 with  a loss of –0.60% percent or -5.63 point; the S&P 400 Mid-Cap Index closed at 1,894.58  with a loss of -0.24% percent or  -4.60 point; the S&P 100 Index closed at 1,166.19 with a loss of -0.14% percent or -1.60 point; the Russell 3000 Index closed at 1,565.88  with a loss of –0.21% percent or –3.34 point; the Russell 1000 Index closed at 1,464.59 with a loss of –0.19% percent or –2.83 point; and the Dow Jones U.S. Select Dividend Index closed at 24,231.59  with  a loss of –0.17% percent or –40.76 point.

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