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All Blog Posts Tagged 'weighs' (1)
SMF Notes Early Floor Talk: Dollar strength weighs on futures
Equity futures are modestly lower this morning, with S&P futures -5 vs. fair value and DJ futures -38. The weaker bias comes on a stronger dollar, which has recently been a very good inverse indicator for stocks/commodities. The dollar had pulled back to the flat line from overnight highs, but it is now moving back toward those highs, with the dollar index (DXY) now +0.235 at 77.943. Strength in the dollar overnight followed a WSJ story discussing… Continue
Added by ken flagg on October 27, 2010 at 8:38am — No Comments
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