Dollar Index Update on 27 February 2018

US PRE MARKET

The US Dollar Index are trading at 89.72  with a loss of -0.18% percent or -0.16 point. The cac 40 index are trading at 5,349.64 for  up with  +0.10% percent or  +5.39 point . The DAX Index are trading at 31.39 for up with +0.90% percent or +0.28  point. The EURO Stoxx 50 Index are trading at 3,466.99 for up with +0.11% percent or  +3.81 point.

TODAY’S FACTORS AND EVENTS

The dollar eased on Tuesday, with the focus on a slew of economic data this week and Federal Reserve Chairman Jerome Powell’s testimony, which could determine whether the U.S. currency’s recovery from a three-year low has more room to run.

The dollar’s index against a basket of six major currencies fell 0.1 percent to 89.760. The greenback, however, is still 1.7 percent above a three-year trough near 88.25 set on Feb. 16.

The focus this week is Powell’s first congressional testimony, at a time when investors are nervous over the pace of U.S. monetary tightening after years of stimulus. Powell will testify on the central bank’s semi-annual report on monetary policy and the economy on Tuesday, before the U.S. House of Representatives’ Financial Services Committee.

PREVIOUS DAY ACTIVITY

U.S. market were higher on Monday. For the day the Dow Jones Industrial Average closed at 25,709.27 for up with +1.58% percent or +399.28 point. The S&P 500 closed at 2,779.60 for up with +1.18% percent or +32.30 point. The Nasdaq Composite closed at 7,421.46 for up with +1.15% percent or 84.07 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,559.33 for up with +0.65% percent or +10.15 point; the S&P 600 Small-Cap Index closed at 952.76  for up with +0.66% percent or +6.21 point; the S&P 400 Mid-Cap Index closed at 1,914.93 for up with +0.56% percent or +10.70 point; the S&P 100 Index closed at 1,232.49 for up with +1.41% percent or +17.14 point; the Russell 3000 Index closed at 1,639.17 for up with +1.07% percent or  +17.43 point; the Russell 1000 Index closed at 1,537.06 for up with +1.11% percent or +16.85 point; and the Dow Jones U.S. Select Dividend Index closed at 25,709.27  for up with +1.58% percent or  +399.28 point.

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