Dollar Index Update on 27 May 2019

The U.S. Dollar Index is trading at 97.74  up with +0.13% percent or +0.12 point. The Dow Futures is trading at 25,627.50 up with +0.03% percent or ++7.50 point. The S&P 500 Futures is trading at 2,830.12   with a loss of -0.06% percent or -1.63 point.  The Nasdaq Futures is trading at 7,312.00  with a loss of -0.05% percent or -3.50 point.

TODAY’S FACTORS AND EVENTS

The euro struggled to hold on to $1.12 on Monday as investor relief at limited gains for euroskeptic parties in European parliamentary elections was offset by declines in the share of seats held by the biggest blocs.

While centre-right and centre-left blocs lost their shared majority, surges by the Greens and liberals meant parties committed to strengthening the union held on to two-thirds of seats, official projections showed.

The single currency initially rallied to as high as $1.1215, near its highest in 1-1/2 weeks, and off a two-year low of $1.11055 touched on Thursday.

But by 0820 GMT it was down 0.1% at $1.1192.

“If anything, it was positive that the populists didn’t gain more than they did,” said Christin Tuxen, an FX analyst at Danske Bank. The reduced vote share for the biggest centrist parties went “in the other direction”, however.

PREVIOUS DAY ACTIVITY

For the day the Dow is trading at 25,585.69 with a loss of -0.74% percent or -190.92 point. The S&P 500 is trading at 2,826.06 up with +0.14% percent or +3.82 point. The Nasdaq Composite is trading at 7,637.01  up with +0.11% percent or +8.73 point..

WORLD MARKETS

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,514.11 up  with +0.85% percent or +12.73 point; the S&P 600 Small-Cap Index closed at 917.54 up with +0.89% percent or +8.09 point; the S&P 400 Mid-Cap Index closed at 1,862.83  up with +0.50%  percent or +9.26 point; the S&P 100 Index closed at 1,250.67  up with +0.11% percent or +1.36 point; the Russell 3000 Index closed at 1,663.36  with 0.21% percent or +3.46 point; the Russell 1000 Index closed at 1,564.78   up with +0.16% or +2.51 point.

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