The U.S. Dollar Index is trading at 96.83 up with +0.18% percent or +0.17 point. The Dow Futures is trading at 25,195.00 with a loss of -0.39% percent or -99.00 point. The S&P 500 Futures is trading at 2,831.00 with a loss -0.35% percent or -10.00 point. The Nasdaq Futures is trading at 7,422.75 with a loss of -0.43% percent or -32.25 point.
TODAY’S FACTORS AND EVENTS
The dollar rose on Wednesday to its highest levels in over a year as a crisis in the Turkish lira that has spread to emerging markets fed demand for the greenback as a safe-haven asset.
Signs the U.S. economy remains robust ahead of an expected interest rate hike by the Federal Reserve next month have seen the dollar dominate other currencies in recent weeks.
A plunge in the lira which has hurt the euro on concerns about European banks’ exposure to Turkey has driven further demand for the dollar along with other safe-haven currencies such as the Swiss franc and the Japanese yen.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,299.92 up with +0.45% percent or +112.22 point. The S&P 500 is trading at 2,839.96 up with +0.64% percent or +18.03 point. The Nasdaq Composite is trading at 7,870.89 up with +0.65% percent or +51.19 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,204.22 with a loss of -0.68% percent or -151.86 point. Hong Kong’s Hang Seng is trading at 27,303.84 with a loss of -1.62% percent or -448.63 point. China’s Shanghai Composite is trading at 2,723.26 with a loss of -2.08% percent or -57.71 point. India’s BSE Sensex is trading at 37,852.00 up with +0.55% percent or +207.10 point at 12:15 PM.