BNY’s Geoff Yu observes that recent US Dollar (USD) strength reflects United States (US) exceptionalism rather than fresh cross-border buying, as underweights have already been reduced.
DBS Group Research’s Philip Wee notes that the US Dollar (USD) has strengthened, with the US Dollar Index (DXY) at its highest since May 2025 after a hawkish Federal Open Market Committee (FOMC).
OCBC’s Sim Moh Siong and Christopher Wong highlight that recent AI-related equity weakness has boosted safe-haven demand and supported the Dollar.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, continues its winning streak for the third successive day and is reaching a fresh 13-month high of 101.60 during the European hours on Wednesday.
Dow Jones futures fall by 0.13%, trading near 52,000 during the European hours on Wednesday. However, S&P 500 futures are up by 0.13% near 7,450, while Nasdaq 100 futures advance 0.36%, trading near 29,770 at the time of writing.
ING’s Francesco Pesole notes that the US Dollar (USD) is benefiting from equity market turmoil and hawkish Federal Reserve (Fed) commentary, with safe-haven demand reinforcing its strength.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.50 during the early European trading hours on Wednesday.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, holds ground for the third consecutive day and is trading near a fresh 13-month high of 101.45 during the Asian hours on Wednesday.
The US Dollar Index (DXY), which tracks the Greenback's value against a basket of six major currencies, extends its rally on Tuesday, climbing to its highest level since May 2025. At the time of writing, the index trades around 100.40, up 0.4% on the day.
The Dow Jones Industrial Average (DJIA) held in the green through Tuesday even as the rest of the equity board bled. On the surface that reads as strength; underneath, it is anything but. The index held up for the least flattering reason on offer, namely its composition.
OCBC’s Sim Moh Siong notes the Dollar is supported by higher US Treasury yields and a more hawkish Federal Reserve path, with leaner Fed communication likely to lift FX volatility.
Dow Jones futures fall by 0.72%, trading near 51,750 during the European hours on Tuesday. However, S&P 500 futures are down by 1.4% near 7,430, while Nasdaq 100 futures decline 2.29%, trading near 29,950 at the time of writing.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, holds gains near a 13-month high of 101.13, reached on June 19, during the early European hours on Tuesday. Traders await S&P Global US Purchasing Managers Index (PMI) data due later in the day.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, remains steady after registering modest gains in the previous day and is hovering around 101.00 during the Asian hours on Tuesday.
The US Dollar Index (DXY), which measures the value of the Greenback against a basket of major currencies, is trading near the 101.00 area on Monday, up 0.26% on the day at the time of writing.
The Dow Jones Industrial Average (DJIA) booked a green close on Monday, adding roughly 167 points, or 0.3%, on a session that was anything but bullish underneath.
ING’s Francesco Pesole expects Fedspeak and developments around the Strait of Hormuz to be the key drivers for the Dollar this week, with front-end USD rates remaining central for DXY.
Deutsche Bank’s Henry Allen notes that despite the US-Iran interim deal and lower Oil prices, the S&P 500 remains below its early-June record and credit spreads have widened.
MUFG’s Lee Hardman notes the US Dollar remains firm after last week’s breakout, driven by a hawkish repricing of Fed rate hike expectations and a rebound in US yields. Markets now see roughly even odds of a near-term Fed hike, even as Oil prices fall on progress in US-Iran talks.
Dow Jones futures inch lower by nearly 0.05%, trading near 51,980 during the European hours on Monday. However, S&P 500 futures are down by 0.09% near 7,560, while Nasdaq 100 futures advance 0.14%, trading near 30,760 at the time of writing.
The US Dollar (USD) outperforms its major currency peers amid growing expectations that the Federal Reserve (Fed) will deliver more than one interest rate hike this year.
The US Dollar Index (DXY) spent the back half of this week doing something most desks had written off six months ago: rallying on the prospect of a Federal Reserve (Fed) rate hike.
The week ahead will bring a fresh test for major currency pairs as investors digest the first Federal Reserve (Fed) policy decision under Chair Kevin Warsh and look ahead to the United States (US) Personal Consumption Expenditures (PCE) data, global PMI releases, and central-bank commentary.
Nordea analysts expect the Dollar to stay supported in coming months as the Federal Reserve maintains a relatively hawkish stance and US data remain firm. They argue that US growth and inflation dynamics justify higher yields versus peers, limiting Dollar downside.
Brown Brothers Harriman’s Elias Haddad notes that foreign investors sharply increased purchases of long-term US securities in April, with inflows over the past year more than offsetting the US trade deficit.
MUFG’s Derek Halpenny notes the US Dollar has extended gains after a record hawkish shift in the Fed’s dot plot, even as Oil remains sharply lower over the past month.
The US Dollar Index (DXY), which measures the value of the Greenback against a basket of peers, has lost steam during Friday’s European session, with markets at half throttle amid the Juneteenth bank holiday in the US and investors pondering the soundness of the US-Iran peace deal.
Societe Generale’s Kenneth Broux highlights that the Dollar is in breakout territory after DXY moved above 101.00, supported by a hawkish shift in Fed expectations.
Wall Street's blue-chip index spent Thursday picking up the pieces of Wednesday's hawkish Federal Reserve (Fed) selloff, and not even a roaring chip trade could coax it back into the green.
The US Dollar (USD) has pushed higher, with the Dollar Index (DXY) climbing back above 100.00 in the wake of the Federal Reserve's hawkish policy update under new Chair Kevin Warsh.