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22:35
CME CEO expresses serious concerns about the new "perpetual contracts"
Golden Ten Data reported on June 5 that Terry Duffy, CEO of CME Group, expressed that he is "very concerned" about the rise of so-called "perpetual futures." Perpetual futures are an increasingly popular financial contract that recently received key regulatory approval in the United States. Duffy pointed out that "perpetual contracts" have almost no practical use for institutional investors, yet they expose retail traders to excessive risk. Duffy stated: "I have serious concerns about the structural design of these contracts. I do not want to see people who lack an understanding of the product end up being forced out due to liquidation, as they should not be participating in such contracts in the first place."
22:18
USD/JPY just hit the 160.00 level, now quoted at 160.00, down 0.00% on the day
The US dollar against the Japanese yen has just hit the 160.00 mark, now quoted at 160.00, down 0.00% on the day.
22:10
The US Dollar Index, which measures the dollar against six major currencies, fell by 0.11% on the day, closing at 99.419 in the foreign exchange market.
As of the close of trading in the New York forex market, 1 euro was exchanged for 1.1614 US dollars, higher than the previous trading day's 1.1598 US dollars; 1 pound was exchanged for 1.3425 US dollars, higher than the previous trading day's 1.3416 US dollars. 1 US dollar was exchanged for 160.02 Japanese yen, lower than the previous trading day's 160.03 Japanese yen; 1 US dollar was exchanged for 0.7892 Swiss francs, lower than the previous trading day's 0.7924 Swiss francs; 1 US dollar was exchanged for 1.3899 Canadian dollars, higher than the previous trading day's 1.3895 Canadian dollars; 1 US dollar was exchanged for 9.3737 Swedish kronor, lower than the previous trading day's 9.4065 Swedish kronor.
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