Dollar Index Update on 23 May 2018

U.S INDEX MARKET

The U.S. Dollar Index is trading at 93.83 up with +93.83  percent or  +0.25 point. The Dow Futures is trading at 24,645.00  with a loss of  -0.80% percent or  -200.00 point. The S&P 500 Futures is trading at 2,706.50 up with -0.72% percent or  -19.50 point.  The Nasdaq Futures is trading at 6,835.00 with a loss of -1.09% percent or -75.25 point.

TODAY’S FACTORS AND EVENTS

The dollar edged higher versus a basket of currencies on Wednesday, with investors awaiting the minutes of the Federal Reserve’s last policy meeting for hints on the pace of further U.S. monetary tightening.

The dollar index, which measures the currency against a basket of six major peers, rose 0.1 percent to 93.681. On Monday, the index set a five-month high of 94.058.

The increase marked a gain of more than 5 percent from mid-April and was driven by generally upbeat U.S. economic data and expectations the Fed would raise interest rates at least two more times this year.

PREVIOUS DAY ACTIVITY

U.S. market were lower on Tuesday.For the day the Dow is trading at 24,834.41  with a loss of -0.72% percent or  -178.88 point. The S&P 500 is trading at 2,724.44 with a loss of -0.31% percent or -8.57 point. The Nasdaq Composite is trading at 7,378.46 with a loss of -0.21% percent or  -15.58 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,625.24  with a loss of -0.75% percent or  -12.20 point; the S&P 600 Small-Cap Index closed at 1,003.41  with a loss of -0.83% percent or -8.41 point; the S&P 400 Mid-Cap Index closed at 1,948.81  with a loss of -0.70% percent or  -13.67 point; the S&P 100 Index closed at 1,197.14 with a loss of -0.28% percent or  -3.39 point; the Russell 3000 Index closed at 1,619.25 with a loss of -0.38% percent or  -6.10 point; the Russell 1000 Index closed at 1,511.67 with a loss of -0.34% percent or -5.21 point;

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