Dollar Index Update on 10 January 2019

The U.S. Dollar Index is trading at 95.33 up with +0.19% percent or +0.17 point. The Dow Futures is trading at 23,729.00  with a loss of -0.42% percent or -101.00 point. The S&P 500 Futures is trading at 2,569.00  with a loss of  -0.52% percent or -13.50 point.  The Nasdaq Futures is trading at 6,565.25   with a loss of  -0.60% percent or -39.50 point.

TODAY’S FACTORS AND EVENTS

The dollar on Thursday languished near a 3-month low on signs the Federal Reserve may soon pause its interest rate tightening cycle.

Minutes from the Fed’s Dec. 18-19 meeting showed that several policymakers were in favour of the U.S. central bank keeping rates steady this year.

That has weakened the dollar at a time when investors are selling safe-haven currencies due to mounting optimism about U.S.-China trade talks.

“This drop in the dollar is an overdue correction following a surprisingly robust few weeks despite the massive collapse in U.S. rate expectations,” said Ulrich Leuchtmann, a currency strategist at Commerzbank.

PREVIOUS DAY ACTIVITY

For the day the Dow is trading at 23,879.12  up with  +0.39% percent or +91.67 point. The S&P 500 is trading at 2,584.96  up with +0.41% percent or +10.55 point. The Nasdaq Composite is trading at +6,957.08 up with +0.87% percent or +60.08 point.

WORLD MARKETS

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,438.81 up  with +0.86% percent or +12.25 point; the S&P 600 Small-Cap Index closed at 896.69  up with +1.04% percent or +9.19  point; the S&P 400 Mid-Cap Index closed at 1,747.43  up with +0.91% percent or +15.80 point; the S&P 100 Index closed at 1,146.66 up with +0.24% percent or +2.79 point; the Russell 3000 Index closed at 1,524.62  up with +0.49% percent or +7.48 point; the Russell 1000 Index closed at 1,430.32 up with +0.46% percent or +6.61 point

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