Dollar Index Update on 11 June 2019

The U.S. Dollar Index is trading at 96.74  with a loss of -0.03% percent or -0.03 point. The Dow Futures is trading at 26,198.50  up with +0.43% percent or +112.50 point. The S&P 500 Futures is trading at 2,902.38 up with +0.45% percent or +13.13 point.  The Nasdaq Futures is trading at 7,565.00  up with +0.66% percent or +49.50 point.

TODAY’S FACTORS AND EVENTS

The dollar steadied above a recent two-and-a-half-month low on Tuesday as investors focused on a Group of 20 summit later this month where Beijing and Washington might make some progress on trade talks.

A 3.5% rally in the dollar against its rivals in the first five months of 2019 has come to a halt in recent weeks as dovish comments from Federal Reserve officials and weak economic data bolster rate-cut expectations.

Though markets are only pricing in about a 20% chance of a rate cut in June, they are fully pricing in a cut by July, and more than three rate hikes by mid-2020. The next policy meeting is scheduled for next week.

PREVIOUS DAY ACTIVITY

For the day the Dow is trading at 26,062.68 up  with +0.30% percent or +78.74 point. The S&P 500 is trading at 2,886.73 up with +0.47% percent or +13.39 point. The Nasdaq Composite is trading at 7,823.17  up with +1.05% percent or +81.07 point.

WORLD MARKETS

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,523.56 up  with +0.61% percent or +9.17 point; the S&P 600 Small-Cap Index closed at 926.60 up with +0.73% percent or +6.71 point; the S&P 400 Mid-Cap Index closed at 1,902.19  up with +0.54% percent or +10.19 point; the S&P 100 Index closed at 1,272.58 up with +0.55% percent or +6.93 point; the Russell 3000 Index closed at 1,697.87  up with +0.50% percent or +8.43 point; the Russell 1000 Index closed at 1,598.94 up with +0.49% or +7.82 point.

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