The US Dollar Index (DXY), a gauge of the Greenback’s performance against six major currencies, edges lower on Monday as growing concerns over the Federal Reserve's (Fed) independence weigh on sentiment. At the time of writing, DXY trades around 98.73, down nealy 0.41% on the day.

Markets have started the week with something of a jolt after Fed Chair Powell revealed in a statement Sunday evening that the central bank had been served with grand jury subpoenas.

Markets await the announcement of the next Federal Reserve Chair, with limited USD impact so far as the FOMC is expected to provide balance against a potentially dovish appointee.

The Federal Reserve (Fed) has received grand jury subpoenas from the Justice Department regarding Jerome Powell’s June congressional testimony about renovations at the Fed’s headquarters, ABN AMRO's Senior Economist Rogier Quaedvlieg reports.

Heightened political threat to the Federal Reserve's (Fed) independence roil markets. The US Dollar (USD), long-term Treasuries and US equity futures all fell while gold prices hit new record highs.

The US Dollar’s (USD) steady rise was disrupted after Fed Chair Jerome Powell revealed grand jury subpoenas from the Justice Department, raising fears over potential threats to the Fed’s independence and triggering a sell-off in equities, Treasuries, and the USD.

Dow Jones futures fall by 0.52% to around 49,450 during the European session on Monday, while S&P 500 and Nasdaq 100 futures decline 0.58% and 0.82% to near 6,960 and 25,720, respectively.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is halting its four-day winning streak and trading around 99.00 during the Asian hours on Monday.

The US Dollar Index (DXY) extends gains for the fourth consecutive day on Friday, reaching levels right above the 99.00 level for the first time in the last four weeks.

US Dollar (USD) continues to power forward against all major currencies underpinned by a modest upward adjustment to US rate expectations. A run of Goldilocks-type US data has helped anchor rate expectations in favor of USD, BBH FX analysts report.

This week has so far sent conflicting US macro signals: good ISM services, acceptable ADP, and bad JOLTS. Challenger job cuts released yesterday dropped significantly in December, but that’s partly due to the concentration of large corporation layoffs in previous months.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its winning streak for the fourth successive session. The DXY is trading around 98.90 during the Asian hours on Friday.

The US Dollar (USD) is tracking generally firmer against the major currencies but gains are less apparent for the DXY as the EUR, CHF and JPY are essentially holding up and trading little changed on the session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

US Dollar (USD) is up against most major currencies, with the Dollar Index (DXY) closing in on its next resistance level at the 200-day moving average. A break above would add upside momentum.

US data was very mixed yesterday and failed to provide a new directional catalyst for the dollar after the Venezuelan events, ING's FX analyst Francesco Pesole notes.

Dow Jones futures slip by 0.19% to trade below 49,150 during the European session on Thursday, while S&P 500 and Nasdaq 100 futures fall 0.15% and 0.21% to around 6,950 and 25,780, respectively.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after two days of gains and hovering around 98.70 during the Asian hours on Thursday.

The US Dollar (USD) traded without a clear direction on Wednesday, losing some momentum following the auspicious start to the new trading year.

The US Dollar (USD) is little changed on the session. A minor recovery in the Dollar Index (DXY) yesterday keeps the index in a tight range around the 100-day MA (98.58).

US Dollar (ISD) is steady near yesterday’s high, with the dollar index (DXY) trading just 0.3% below its 200-DMA, BBH FX analysts report.

Fed Governor Miran reiterated his call for aggressive rate cuts, but his comments were seen as predictable and had little impact on markets.

The impact of the Venezuelan shock has largely faded, with oil, equities, and FX markets reverting to pre-January levels as investors step back from trading geopolitical headlines.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is edging lower after registering modest gains in the previous session and hovering around 98.50 during the Asian hours on Wednesday.

What you need to know on Wednesday, January 7:

US Dollar (USD) failed to hold yesterday’s gains and is back near the middle of the range in place since June 2025. There is no policy-relevant economic data due today, so markets should be quiet, BBH FX analysts report.

Dow Jones futures decline by 0.12% to trade near 49,150 during the European session on Tuesday, while the S&P 500 remains flat around 6,940, and the Nasdaq 100 futures gained 13% to trade above 25,600. Dow futures fall as traders may be taking profits or adjusting positions.

The US Dollar (USD) has edged back toward its pre-Christmas highs, supported by a modest safe-haven bid following dramatic developments in Venezuela.

The US Dollar (USD) is starting the new calendar year on a stronger footing with the Dollar Index (DXY) on course to increase for the fourth consecutive trading day and hitting a high of 98.796 overnight.

The US Dollar (USD) opened the week firmer against all major peers, with Dollar Index (DXY) approaching its 200-day moving average, while Brent crude slid toward the $58.40 multi-year low and gold pushed toward record highs.

The US Dollar Index (DXY) is trading higher at the start of 2026. The military intervention in Venezuela has failed to dent the Greenback's positive tone on Monday.