Dollar Index Update on 07 February 2018

US PRE MARKET

The US Dollar Index are trading at 89.69  for up with +0.02% percent or +0.03 point. The cac 40 index are trading at 5,179.86 for up with +0.35% percent or +18.06 point . The DAX Index are trading at 12,449.40 for up  with +0.46%  percent or  +56.74  point. The EURO Stoxx 50 Index are trading at 3,411.12  for up with  +0.48% percent or  +16.20 point.

TODAY’S FACTORS AND EVENTS

The dollar lost half a percent against the yen on Wednesday, handing back earlier gains, as investors remained cautious after a heavy selloff in stock markets, and with many viewing the Japanese currency as undervalued.

A sharp decline in global share markets in recent days has had only a muted effect on the currency market, with traditional safe havens such as the yen and Swiss franc seeing only modest gains this week.

While most analysts believe this week’s heavy selloff across stock markets has run its course for the moment, allowing volatility to abate a little, the prospect of monetary tightening across the globe remains a challenge for the long term, and pushed up the yen against the U.S. currency.

PREVIOUS DAY ACTIVITY

U.S. market were higher on Tuesday. For the day the Dow Jones Industrial Average closed at 24,912.77 for up with +2.33% percent or +567.02 point. The S&P 500 closed at 2,695.14  for up with +1.74% percent or  +46.20 point. The Nasdaq Composite closed at 7,115.88  for up with +2.13% percent or  +148.36 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at  1,507.17 for up with +1.08% percent or +16.08  point; the S&P 600 Small-Cap Index closed at 918.41  for up with +1.06%  percent or +9.67  point; the S&P 400 Mid-Cap Index closed at 21.62  for up with +0.79% percent or  +0.17 point; the S&P 100 Index closed at 1,194.49   for up with +1.93% percent or +22.64 point; the Russell 3000 Index closed at 1,589.78  for up with +1.61% percent or  +25.12 point; the Russell 1000 Index closed at 1,491.15 for up  with +1.65% percent or +24.17 point; and the Dow Jones U.S. Select Dividend Index closed at 24,912.77  for up with +2.33% percent or  +567.02  point.

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