Instrument NameBrazilian RealInstrument Symbol(L6F23)

Instrument ExchangeCME

The dollar index (DXY00 ) on Monday rose by +0.33%. The dollar Monday recovered from early losses and posted moderate gains. A slump in stocks Monday fueled liquidity demand for the dollar. Also, higher T-note yields Monday strengthened the dollar’s interest rate differentials. The dollar Monday initially moved lower on...

The dollar index is a benchmark that measures the U.S. currency against other world reserve currencies. The index is a barometer because the dollar is the leading fiat currency in the global financial system. After rallying to a two-decade high in September 2022, the index turned lower and fell below its technical support level in January 2023, where it remains in early February.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.86%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.89%. U.S. stock index futures this morning are moderately lower....