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home / news releases / consolidation featured ahead of tomorrow s u s retai

AFMC - Consolidation Featured Ahead Of Tomorrow's U.S. Retail Sales And Friday's Japanese Wage News

First Trust Active Factor Mid Cap ETF

2024-03-13 07:30:00 ET

Summary

  • The Dollar Index had begun with week with a six-day fall in tow.
  • Despite promising reports on wage negotiations in Japan, the yen is softer for the second session.
  • Asia Pacific equities were mixed today - Japan, Hong Kong, China, and Indian markets fell, while Taiwan, South Korea, and Australia advanced.

Overview

We came into this week expecting the dollar to rise on the back of a recovery in rates. The two-year note ( US2Y ) has risen from 4.40% after the jobs report to 4.60%. The dollar's rise has been less impressive. The Dollar Index ( USDOLLAR , DXY ) had begun the week with a six-day fall in tow. Today it is rising for the third session. However, the gains have been a modest 0.80% off the pre-weekend lows. The dollar broadly is consolidating in narrow ranges thus far today in a quiet turnover....

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Consolidation Featured Ahead Of Tomorrow's U.S. Retail Sales And Friday's Japanese Wage News
Stock Information
Company Name: First Trust Active Factor Mid Cap ETF
Stock Symbol: AFMC
Market: NASDAQ
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