US$ Down, Equities Up Ahead of Jobless Claims
Equity and commodity prices are looking upwards this morning ahead of weekly labor data.
90 minutes before the opening bell, Dow futures are trading 39 points higher at 10,826 while S&P 500 futures are up 5.25 points to 1,169.00.
NYMEX crude oil futures are up 41 cents to $81.02 per barrel and Gold up $7.45 to $1,094.55.
Conversely, the US$ index is down 16 basis points to 81.67, following its largest daily gain in three and a half months yesterday, according to BMO Capital Markets.
Even so, ahead of the EU summit in Brussels, the euro continues weaken. It fell to $1.3284USD overnight, marking its lowest level versus the greenback since early May.
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