The Dow Jones Industrial Average (DJIA) pared gains on Thursday, slipping back below 46,000 after chalking in record levels through the midweek sessions.
The US Dollar (USD) is strengthening broadly—albeit modestly—into Friday’s NA session and showing gains against all of the G10 currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The US Dollar bounced up from lows earlier on Friday, but upside attempts remain limited below the 98.00 level so far, which keeps price action trapped within the previous day’s range, and maintains the broader bearish trend intact.
US Dollar (USD) recovered some of yesterday’s loss, S&P 500 futures are down after the underlying index hit a record high yesterday, and Treasury yields are up slightly. Markets are digesting ECB guidance and US CPI data, BBH FX analysts report.
Thursday’s US CPI report showed slightly hotter than expected headline inflation (0.4% MoM), while the more closely monitored core rate rose by 0.3% MoM in line with consensus. What matters the most is the limited tariff impact, ING's FX analyst Francesco Pesole notes.
Yesterday's US figures highlighted the dilemma facing the Fed.
negativeDow Jones Index futures are easing from the all-time highs reached on Thursday, trading right above 46,000 at the European session opening times.
The Dow Jones Industrial Average (DJIA) found a new record high on Thursday, climbing nearly 600 points at its peak and tapping 46,093 for the first time ever.
The creeping, low vol grind higher in the US Dollar (USD) is extending a little further ahead of this morning’s key risk events—US CPI and the ECB policy decision.
The US Dollar (USD) is trading firmer across majors as markets await the August CPI report, a key test for the Fed’s policy outlook.
The Dow Jones Industrial Average (DJIA) missed the mark on Wednesday, shedding over 200 points from the open. US Producer Price Index (PPI) inflation came in below expectations, bolstering bets of interest rate cuts from the Federal Reserve (Fed) next week.
USD and 2-year Treasury yields rebounded yesterday despite confirmation of a sharp slowdown in US labor demand. The Bureau of Labor Statistics (BLS) preliminary benchmark revisions to net payroll growth was larger than expected.
The dollar is treading water ahead of tomorrow's US August CPI release. Geopolitical developments are having limited influence on FX markets at the moment, with three notable examples worth mentioning, ING's FX analyst Chris Turner notes.
The revision of US employment figures for the period from April 2024 to March 2025 was eagerly awaited, especially after last Friday's US labor market report had come as such a big disappointment.
US Dollar (USD) rebounded post-BLS revision in what looked like a 'buy on rumour, sell the fact' trade. DXY was last at 97.82 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Dow Jones futures are steady, edging down 0.04% to trade around 45,700 during European hours on Wednesday, ahead of the United States (US) market open. However, the S&P 500 futures advance 0.20% to trade near 6,550, while Nasdaq 100 futures climb 0.28% to trade near 23,950.
The Dow Jones Industrial Average (DJIA) briefly tested the high side on Tuesday, bolstered by sharp downward revisions in US job hiring over the past 18 months.
The US Dollar (USD) is trading lower overall ahead of this morning’s event risk.
The most recent leg of the dollar bear trend has been triggered by the soft US labour market. July and August NFP data have forced the Fed to reassess its assumption of a 'solid' labour market, and the Fed looks set to restart its easing cycle next week, ING's FX analyst Chris Turner notes.
The US Dollar (USD) is trading mixed as investors await the Bureau of Labor Statistics’ benchmark revisions, which could slash reported payroll growth by as much as 700k over the past year.
Dow Jones futures move little, edging up 0.05% to trade around 45,600 during European hours on Monday, ahead of the United States (US) market open. Meanwhile, the S&P 500 futures advance 0.13% to trade above 6,500, while Nasdaq 100 futures climb 0.23% to trade near 23,850.
There are two possible reasons for the rise in UST yields: 1) The supply of government bonds in Western countries has continued to rise in recent years, causing yields to rise. 2) The market expects the Fed to cut interest rates, thereby fuelling inflationary pressure and forcing it to raise interes
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, extends its downside to around 97.40 during the Asian session on Tuesday. The expectations of jumbo rate cuts by the US Federal Reserve (Fed) undermine the DXY.
The Dow Jones Industrial Average (DJIA) churned chart paper on Monday, finding a near-term floor at the 45,400 level. Investors continue to lean into bets that the Federal Reserve (Fed) will deliver an interest rate cut on September 17.
The US Dollar starts the week on the defensive ahead of the release of the preliminary estimate of the annual revision of Nonfarm Payrolls (NFP) by the Bureau of Labor Statistics (BLS) on Tuesday, September 9 at 14:00 GMT.
Friday's August jobs data was again on the soft side. It was soft enough to have the market starting to speculate whether the Federal Reserve would restart its easing cycle with a 50bp rate cut - as it did last September.
US Dollar (USD) pared back some of Friday’s loss due to Japanese Yen (JPY) weakness. Versus other major currencies, USD remains under downside pressure, BBH FX analysts report.
TradingKey - Amid uncertainties from Trump’s tariffs and threats to Fed independence, the U.S. Dollar Index (DXY) has fallen 10% in 2025 year-to-date. While the dollar showed signs of bottoming in the
Dow Jones futures rise 0.15% to trade above 45,500 during European hours on Monday, ahead of the United States (US) market open. Meanwhile, the S&P 500 futures gain 0.18% near 6,500, while Nasdaq 100 futures climb 0.31% to around 23,750.
The Dow Jones Industrial Average (DJIA) sank on Friday, falling nearly 500 points at its lowest after United States (US) Nonfarm Payrolls (NFP) data showed the US added far fewer jobs than expected, pinning expectations of a Federal Reserve (Fed) interest rate cut on September 17.