Dollar Index Update on 31 July 2018

The U.S. Dollar Index is trading at 94.32 with a loss of -0.05% percent or -0.05  point. The Dow Futures is trading at 25,296.00 up with +0.04% percent or +11.00 point. The S&P 500 Futures is trading at 2,807.75 up with +0.16% percent or +4.50 point.  The Nasdaq Futures is trading at 7,207.75 up with +0.10% percent or +7.25 point.

TODAY’S FACTORS AND EVENTS

The Japanese yen weakened against the dollar on Tuesday after the central bank pledged to keep interest rates low and adopted a forward guidance model to strengthen its commitment for its massive policy stimulus.

The yen slipped 0.2 percent against the dollar at 111.25 yen in a volatile session and rebounding off an early low of 110.75 yen hit in Asia.

Japan’s commitment to keep policy settings at record low levels reassured market participants who were wary the Bank of Japan would signal an end to years of policy stimulus and encouraged investors to snap up relatively higher-yielding currencies such as the Australian dollar.

PREVIOUS DAY ACTIVITY

For the day the Dow is trading at 25,306.83 with a loss of -0.57% percent or -144.23 point. The S&P 500 is trading at 2,802.60 with a loss of -0.58% percent or -16.22 point. The Nasdaq Composite is trading at 7,630.00 with a loss of -1.39% percent or -107.42 point.

WORLD MARKETS

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,653.13 with a loss of -0.61% percent or –10.21 point; the S&P 600 Small-Cap Index closed at 1,036.56 with a loss of -0.46% percent or -4.74 point; the S&P 400 Mid-Cap Index closed at 1,966.41 with a loss of -0.45% percent or -8.81 point; the S&P 100 Index closed at 1,237.63 with a loss of -0.50% percent or -6.20 point; the Russell 3000 Index closed at 1,661.45 with a loss of -0.63% percent or -10.55 point; the Russell 1000 Index closed at 1,552.11 with a loss of  -0.63% percent or -9.88 point;

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