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United States Dollar Index (DXY) flatlines around 99.00 amid mixed news from Iran
The US Dollar (USD) is trading sideways against its main peers on Wednesday. The US Dollar Index (DXY), which measures the value of the Dollar against a basket of peers, flatlines around 99.00 at the time of writing, halfway through the weekly range, with investors awaiting clarity from Iran’s war.
Fxstreet
Wed, May 27
Dow Jones futures rise as traders expect US-Iran to reach a deal
US stock futures ticked higher during European trading on Wednesday ahead of the Wall Street opening bell. Dow Jones futures climb 0.24% to clear 50,650, while S&P 500 futures rise 0.15% toward 7,550. Meanwhile, Nasdaq 100 futures gain 0.23%, trading near 30,150.
US Dollar: Consumer clouds over hike pricing – Rabobank
Rabobank’s Molly Schwartz notes that United States (US) Treasury yields were mostly flat with a slight bull-steepening bias, while the US Dollar Index (DXY) was little changed. She highlights that the US OIS curve still prices a high probability of further rate hikes.Fxstreet
Wed, May 27
US Dollar: Positioning turns negative as Fed debate builds – Rabobank
Rabobank strategists Jane Foley and Molly Schwartz note that speculative US Dollar (USD) positioning has slipped into net short territory for the first time since early March, after safe-haven flows linked to the Iran war had previously supported the Dollar.Fxstreet
Tue, May 26
US Dollar: Higher yields and data keep Fed repricing in focus – MUFG
MUFG analysts note the US Dollar’s mixed performance as markets reassess Fed policy amid stronger inflation data and rising yields. They highlight the 2-year Treasury yield hitting new highs and see scope for further upside in US rates.Fxstreet
Tue, May 26
US Dollar Index flattens around 99.00 ahead of US markets opening after long weekend
The US Dollar (USD) trades almost flat ahead of the United States (US) stock markets opening after an extended weekend during the late European trading session on Tuesday, with the US Dollar Index (DXY) wobbling around 99.00 after giving back its early gains.Fxstreet
Tue, May 26
S&P 500: Eight-week winning streak extends – Deutsche Bank
Deutsche Bank strategists highlight that the S&P 500 has logged an eighth consecutive weekly gain, supported by falling Oil prices and easing stagflation fears. Futures are modestly higher after the long weekend, though slightly below pre-strike levels.
US Dollar Index holds gains above 99.00 due to renewed safe-haven demand
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after registering modest losses in the previous day and trading around 99.10 during the Asian hours on Tuesday.Fxstreet
Tue, May 26
Progress toward deal to end US-Iran war slows down – WSJ
Citing mediators, the Wall Street Journal (WSJ) reported on Monday that progress toward finalizing an agreement to end the war between the United States (US) and Iran has slowed down on Monday, citing ongoing disaggreements over Iran's nuclear program and Tehran's demand of financial relief.Fxstreet
Mon, May 25
Dow Jones Futures Rise as Market Sentiment Improves on Potential US-iran Deal
Dow Jones futures advance 0.82% to near 50,100 during European hours on Monday. Meanwhile, the S&P 500 rise 0.93% above 7,550, and the Nasdaq 100 futures gain 1.38% above 29,950. Trading activity is expected to stay subdued as US regular markets will be closed due to the Memorial Day bank holiday.Featured Tools
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