ICE US Dollar Index - Index - C (DX-Y.NYB)
| Previous Close | 106.15 |
| Open | 106.19 |
| Volume |
| Day's Range | 105.85 - 106.35 |
| 52 Week Range | 99.58 - 107.35 |
| Avg. Volume | 0 |
- Yahoo Finance Video
Are market pullbacks part of 'the script you'd expect'?
Stocks (^DJI, ^IXIC, ^GSPC) have pulled back in the last several trading sessions, already posting two consecutive losing weeks in 2024's first quarter. Is the market on track for where it should be or is it still playing catch-up from prior years? Ned Davis Research (NDR) Chief Global Investment Strategist Tim Hayes weighs in on the market's trajectory amid inflation and interest rate pressures. "If you have a rally like we've had, it creates a lot of optimism and creates a lot of complacency and it leaves the market vulnerable... you never know what the trigger is going to be. In this case, it was the timing of the [interest[ rate cut by the Fed [Federal Reserve], which has sort of been the trigger," Hayes tells Yahoo Finance. "But what it's done, though, is it's... improved the sentiment, so kind of relieved the optimism. In that sense, it's been a healthy correction..." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Stocks mixed at Tuesday open, US dollar rallies
The Dow Jones Industrial Average (^DJI) is pushing higher at Tuesday's market open, while the S&P 500 (^GSPC) hovers around its flatline and the Nasdaq Composite (^IXIC) dips lower. Morning Brief Co-Hosts Seana Smith and Brad Smith monitor the stock market indexes after the opening bell while Senior Markets Reporter Jared Blikre examines the US dollar's position in foreign currency exchanges. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Don't hold your breath for euro/dollar parity: Forex expert
The European Central Bank (ECB) has decided to hold interest rates at their current level for its fifth consecutive meeting. In a press conference, ECB President Christine Lagarde referenced the US Federal Reserve's own monetary policy, stating: "We are data-dependent, not Fed-dependent." DZ Bank Head of FX and Monetary Policy Research Sonja Marten joins Yahoo Finance to discuss the recent decision from the ECB and how it impacts global markets. In terms of the parity call and what investors should keep in mind for their portfolios, Marten states: "What's really important to understand is that as far as the FX [foreign exchange] market is concerned, this is all about relative performance. If you look, and I'm talking now really about fundamental growth, so if you look at Europe and you look at the data in recent months, been really, really poor. We have recession in Germany, things aren't looking good, but if you look at what the market is pricing in, that's already in the price and if you look at the US, the opposite almost is the case. What I'm saying is in terms of euro-dollar, while there's a lot going on right now... I don't think there's a driver here for euro-dollar to move significantly higher or lower lastingly, so we have a fairly flat forecast." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Nicholas Jacobino
