DBS Group Research economist Philip Wee argues that recent political developments in the United States are creating downside risks for the Dollar.

TD Securities’ FX team, led by Jayati Bharadwaj, sees the US Dollar tactically supported as a safe haven on Iran-related geopolitical risks and strong US data, with USD expected to stay bid versus EUR, AUD and crowded G10 shorts.

The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, attracts bids after a weak opening around 97.50 and turns slightly positive to near 97.75 during the European trading session on Thursday.

Deutsche Bank’s Jim Reid highlights that the S&P 500 closed within half a percent of its record high, supported by a rebound in software and broader tech stocks as AI fears eased. Nvidia, the NASDAQ and the Magnificent 7 all advanced, while US IG and HY spreads tightened from year‑to‑date wides.

Deutsche Bank’s Jim Reid and team note that risk appetite improved, but rate expectations turned less dovish, which is broadly supportive for the Dollar Index.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, extends its losses for the second successive session and is trading around 97.50 during the Asian hours on Thursday.

The Dow Jones Industrial Average (DJIA) rose around 200 points, or 0.4%, taking a fresh run at the 49,400 region on Wednesday as equity markets traded cautiously bullish ahead of Nvidia's highly anticipated fiscal fourth-quarter earnings report after the bell.

Brown Brothers Harriman’s (BBH) Elias Haddad notes the USD index (DXY) is trading near the middle of its 96.00–100.00 range and is expected to stay there in the near term, as it tracks rate differentials and lacks major catalysts.

TD Securities’ Global Strategy Team notes that US consumer confidence data surprised to the upside in February, mainly due to upward revisions to January. The present situation index weakened, while expectations improved, leaving the overall tone mixed.

Commerzbank’s Volkmar Baur argues that the shift from IEEPA to Section 122 tariffs leaves the US administration on uncertain legal ground, with potential challenges and repayments ahead.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a weaker note near 97.85 during the Asian trading hours on Wednesday.

The US Dollar (USD) is on a green note on Tuesday after recovering from Monday’s decline as investors digested the United States (US) Supreme Court ruling against President Donald Trump's tariffs and the new round of levies he announced last weekend.

The Dow Jones Industrial Average is up around 425 points, or 0.85%, reclaiming the 49,000 figure in a broad rebound from Monday's steep AI-led software selloff. The S&P 500 is gaining around 0.6% while the Nasdaq Composite is advancing roughly 0.9%, led by strength in semiconductor names.

ING’s Chris Turner notes that the broader Dollar trend is still mixed, with key inputs today including ADP jobs, consumer confidence, several Fed speakers and President Trump’s State of the Union address.

Brown Brothers Harriman’s (BBH) Elias Haddad notes the Dollar is slightly firmer, mainly due to Japanese Yen weakness, with US equities stabilizing after an AI-driven selloff.

TD Securities’ Global Strategy Team notes that markets now focused on President Trump’s State of the Union and multiple Federal Reserve speakers.

The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, is up 0.15% higher to near 97.85 in the European trading session on Tuesday.

Dow Jones futures maintain the position near 48,870 during European hours ahead of the US regular market open on Tuesday. S&P 500 and Nasdaq 100 futures remain steady near 6,850 and 24,780 at the time of writing.

BNY's John Velis notes that interest rate markets, a key driver for the US Dollar, still price roughly two Federal Reserve cuts this year despite hawkish-leaning minutes, sticky PCE inflation and weaker GDP.

Commerzbank’s Michael Pfister notes that the initial weakness of the US Dollar after the Supreme Court tariff ruling has reversed, leaving USD pairs near pre-ruling levels. He stresses that the reaction is not clear-cut, with fiscal concerns offset by swift new tariffs.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, edges higher after two days of losses and is trading around 97.80 during the Asian hours on Tuesday.

The Dow Jones Industrial Average (DJIA) fell sharply on Monday, shedding around 700 points or 1.45% as fresh tariff uncertainty weighed on sentiment. The S&P 500 slipped 0.6% while the Nasdaq Composite dropped 0.7%.

Brown Brothers Harriman’s (BBH) Elias Haddad notes the Dollar started the week softer after the US Supreme Court tariff ruling, but stresses this move is not yet decisive.

The US Dollar (USD) claws back half of its early losses after gaining a temporary ground near 97.40 during the European trading session on Monday. During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.2% lower to near 97.60.

Dow Jones futures fall 0.43% to around 49,450 during European hours ahead of the US regular market open on Monday. S&P 500 and Nasdaq 100 futures decline 0.58% and 0.74%, respectively, trading near 6,880 and 24,880 at the time of writing.

ING’s Chris Turner notes the Dollar is starting the week softer as investors reassess US trade policy and geopolitical risks involving Iran. He highlights the shift to a 15% Section 122 import surcharge and potential synchronized weakness in Treasuries, equities and the Dollar.

Commerzbank’s Thu Lan Nguyen notes that recent US Supreme Court rulings have thrown US tariff policy into disarray, with President Trump responding by announcing and then raising a new global tariff.

UOB Global Economics & Markets Research notes that the US Dollar weakened after the Supreme Court ruled President Trump had exceeded his authority on earlier global tariffs, even as new 15% tariffs were announced under a different law.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, extends its losses for the second successive session, trading around 97.50 during the Asian hours on Monday.

The US Dollar (USD) held firm on Friday after the release of top-tier data, but the US Dollar Index (DXY) posted an acceptable weekly gain of almost 1%.