Dollar Index Update on 24 May 2018

U.S INDEX MARKET

The U.S. Dollar Index is trading at 93.74  with a loss of  -0.22%  percent or  -0.21 point. The Dow Futures is trading at 24,849.00 with a loss of  -0.04% percent or  -10.00 point. The S&P 500 Futures is trading at 2,731.50 up with +0.03% percent or +0.75 point.  The Nasdaq Futures is trading at 6,965.50  up with +0.10% percent or +6.75 point.

TODAY’S FACTORS AND EVENTS

The dollar lost momentum on Thursday after the minutes of the Federal Reserve’s last policy meeting were seen as dovish and U.S. President Donald Trump proposed looking into imposing new tariffs on imported cars.

The euro was hampered by concerns over economic slowdown in the currency bloc and political risks in Italy, staying near a six-month low against the dollar and a nine-month low versus the yen.

The dollar’s index against a basket of six major currencies stepped back to 98.897 from its five-month high of 94.195 following the Fed’s minutes.

PREVIOUS DAY ACTIVITY

U.S. market were mixed on Wednesday.For the day the nifty closed at 10,506.05 up  with +0.73% percent or +75.70 point.Nikkei 225 is trading at 22,437.01 with a loss of -1.11% percent or -252.73 point. Hong Kong’s Hang Seng is trading at 30,760.47 up with +0.31% percent or  +94.83 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,627.61 up with +0.15% percent or +2.37 point; the S&P 600 Small-Cap Index closed at 1,004.67 up with +0.13% percent or + 1.26 point; the S&P 400 Mid-Cap Index closed at 1,950.53 up with +0.088% percent or +1.72 point; the S&P 100 Index closed at 1,201.46 up with +0.36% percent or +4.32 point; the Russell 3000 Index closed at 1,624.00 up with +0.29% percent or  +4.75 point; the Russell 1000 Index closed at 1,516.29 up with +0.31% percent or +4.62 point;

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