Dollar Index Update on 02 January 2017

US PRE MARKET

The US Dollar Index are trading at 91.80 with a loss of  -0.52% percent or -0.48 point. The cac 40 index are trading at 5,267.12  with a loss of -0.86% percent or -45.43 point . The DAX Index are trading at 12,797.06 with a loss of -0.93%  percent or  -120.58 point. The EURO Stoxx 50 Index are trading at 3,479.39 with a loss of  -0.70% percent or -24.57 point.

TODAY’S FACTORS AND EVENTS

The dollar languished near a three-month low versus a basket of major currencies on Tuesday as markets reopened at the start of 2018, while Asian currencies such as the Chinese yuan began the year on a high note.

The dollar’s index against a basket of six major currencies stood at 92.162. On Friday it had slipped to as low as 92.080, the weakest level since Sept. 22.

The dollar retreated in 2017, partly because economic growth picked up outside the United States, with other countries’ central banks moving towards tighter monetary policy, lessening the perceived divergence between the Federal Reserve and others.

PREVIOUS DAY ACTIVITY

U.S. market were lower on Monday. For the day the Dow Jones Industrial Average closed at 24,719.22  with a loss of  -0.48% percent or  -118.29 point. The S&P 500 closed at 2,673.61 with a loss of -0.52% percent or -13.93 point. The Nasdaq Composite closed at 6,903.39 with a loss of  -0.67% percent or  -46.77 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,535.51  with a loss of -0.87% percent or -13.41 point; the S&P 600 Small-Cap Index closed at 936.26  with a loss of -0.76%  percent or -7.14  point; the S&P 400 Mid-Cap Index closed at 1,900.57 with a loss of -0.56% percent or -10.71 point; the S&P 100 Index closed at 1,183.15 with a loss of  -0.52% percent or  -6.14 point; the Russell 3000 Index closed at 1,582.77  with a loss of  -0.55% percent or -8.68 point; the Russell 1000 Index closed at 1,481.81  with a loss of  -0.52% percent or -7.73 point; and the Dow Jones U.S. Select Dividend Index closed at 24,719.22  with a loss of -0.48% percent or -118.29 point.

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