HomeFinancial MarketsUS Futures Decline As Dollar Surges To Six-Month High

US Futures Decline As Dollar Surges To Six-Month High

US futures slipped lower on Thursday as the dollar hit its highest level in six months amid an eighth consecutive weekly rise for the Bloomberg dollar index. Investors are raising bets that the Federal Reserve will continue to tighten its interest rate policy heading towards the end of the year.

Nasdaq 100 futures fell by 0.6% while those on the S&P 500 edged 0.2% lower. The Dow Jones Industrial Average remained relatively unchanged. The 10-year Treasury yield fell by one basis point to 4.27%, spot gold climbed 0.2% to $1,920.18 an ounce.

Shares in Apple Inc fell by 2% during premarket trading following news that China would be looking to ban iPhones among employers in certain government agencies. In Europe, the Stoxx 600 Index edged slightly lower following news that Germany’s industrial output fell once again.

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