Dollar Climbs on Month- and Quarter-End Demand

MacroGeopolitics
โดย Barchart·Read original
Summary · why it matters

The dollar index rose 0.21% on month- and quarter-end demand as the last trading day of the second quarter boosted the greenback. The yen fell to a 39-year low against the dollar, adding support, while a weaker-than-expected German June CPI report undercut the euro by fueling dovish ECB expectations. US economic data was mixed, with May JOLTS job openings unexpectedly rising to a two-year high of 7.594 million, but the June Conference Board consumer confidence index rose less than expected to 91.2. The euro slipped 0.07% despite stronger German retail sales and a surprise drop in unemployment, as the soft inflation print weighed. The yen dropped 0.30% to a fresh 39-year low amid concerns over the BOJ's slow policy normalization and weaker industrial production, though intervention risks rose after Japan's finance minister discussed bold currency steps with the US Treasury secretary. Gold rebounded from a seven-and-three-quarter-month low, rising 0.38%, and silver surged 3.11%, supported by Middle East tensions and the soft German inflation data, despite headwinds from a stronger dollar and fund liquidation.

Impact on stocks 0