Dollar Index Update on 10 June 2019

The U.S. Dollar Index is trading at 96.81  up with +0.27% percent or +0.26 point. The Dow Futures is trading at 26,116.50  up with +0.42% percent or +109.50 point. The S&P 500 Futures is trading at 2,885.62 up with +0.37% percent or +10.62 point.  The Nasdaq Futures is trading at 7,448.12  up with +0.39% percent or +28.62 point.

TODAY’S FACTORS AND EVENTS

The Mexican peso surged more than 2% on Monday after the United States and Mexico struck a deal on migration to avert a trade tariff war, supporting a rebound in investor risk appetite that boosted the dollar and knocked the safe-haven yen lower.

Foreign exchange investors had rushed for the safety of the Japanese yen in recent weeks after U.S. President Donald Trump’s threat to slap tariffs on Mexico shook investor confidence.

On Monday, the dollar staged a recovery as investors dumped the yen and euro. Some analysts said the U.S. currency should rebound as investors realized their assessment of the path for Federal Reserve interest rate cuts was overly dovish.

The dollar’s index rallied 0.3% to 96.824. Against the euro it rose 0.3% to $1.1304, with the single currency also under pressure after sources told Reuters that European Central Bank policymakers were open to cutting rates if economic growth weakened.

PREVIOUS DAY ACTIVITY

For the day the Dow is trading at 25,983.94 up  with +1.02% percent or +263.28 point. The S&P 500 is trading at 2,873.34 up with +1.05% percent or +29.85 point. The Nasdaq Composite is trading at 7,742.10  up with +1.66% percent or +126.55 point.

WORLD MARKETS

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,514.39 up  with +0.72% percent or +10.85 point; the S&P 600 Small-Cap Index closed at 919.89 up with +0.71% percent or +6.47 point; the S&P 400 Mid-Cap Index closed at 1,892.00  up with +0.56% percent or +10.48 point; the S&P 100 Index closed at 1,265.65 up with +1.23% percent or +15.44 point; the Russell 3000 Index closed at 1,689.43  up with +0.99%percent or +16.63 point; the Russell 1000 Index closed at 1,591.13 up with +1.01% or +15.98 point.

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