Dollar Index Update : 01 Feb 2022

The U.S.Dollar Index  is trading at 96.375 with a loss of  -0.170% percent or -0.162 point.The Dow Futures is trading at 35,051.00 with a loss of  -0.23% percent or -80.90 point.The S&P 500 Futures is  trading at 4,503.60 with a loss of -0.26% percent or -26.11 point.The Nasdaq Futures is trading at 14,910.60 with a loss of  -0.13% percent or -19.50 point.

TODAY’S FACTORS AND EVENTS

The U.S. dollar fell on Monday, posting its largest daily fall since last November as investors consolidated gains after hitting a 1-1/2-year high on Friday on expectations of a faster pace of rate hikes by the Federal Reserve.

With the Fed clearly signalling last week that it intends to raise interest rates as early as the March 15-16 policy meeting, Wall Street banks are now expecting are now expecting about five to seven rate hikes this year.

PREVIOUS DAY ACTIVITY

For the day the Dow is trading at 34,715.39  with a loss of –0.89% percent or –313.26  point. The S&P 500 is trading at 4,482.73 with a loss of –1.10% percent or –50.03  point. The Nasdaq Composite is trading at 14,154.02 with a loss of –1.30% percent or –186.23   point.

WORLD MARKETS

Other leading market index closes included the small-cap Russell 2000 Index closed at 2,028.45 up with  +3.05% percent or +59.94 point. the S&P 600 Small-Cap Index closed at 1,299.23 up with +2.15% percent or +27.37 point. the S&P 400 Mid-Cap Index closed at 2,635.38 up with +2.21% percent or +57.07 point. the S&P 100 Index closed at 2,092.61 up with 1.92% percent or  +39.46  point.the Russell 3000 Index closed at 2,621.97 with 2.15% percent or +55.19 point. the Russell 1000 Index closed at 2,494.64 up with +2.09% or +51.17 point.