Euro Unchanged Ahead Of Fed, US Consumer Reports
The 6 month US dollar LIBOR interest rate is the interest rate at which a panel of selected banks borrow US dollar funds from one another with a maturity of six months. On this page you can find the current 6 month US dollar LIBOR interest rates and charts with historical rates. The Kiwi dollar has retreated against the US dollar over the past few hours, falling from a 4 month high. Even the release of New Zealand manufacturing couldn’t stop the decline. New Zealand’s manufacturing sector expanded at a faster pace last month where the index (PMI) came in at 58.5 in May, after slipping to 56.8 the previous month. GBP/NZD moved from 1.7582 before the BOE, jumped to 1.7728 and now moves at the slightly lower rate of 1.7667.
U.S. Dollar Index futures can allow traders the opportunity to assess value fluctuation, in relation to other currencies, with one transaction. Traders can also hedge their accounts against risk associated with a fluctuation. For 21 hours a day, U.S. Dollar Index futures are traded on the ICE.
The market has been unable to break down below major support at 2320 thus far, leaving the pressure on the topside and the door open for that next big record push towards a measured move extension at 2480. However, if setbacks intensify and the market breaks down and closes below 2320, this will signal a shift in the structure and suggest a meaningful top is finally in place ahead of a more significant corrective decline.