The US Dollar (USD) lost ground this week amid geopolitical uncertainty and the United States (US) trade policy developments after the Supreme Court ruled the Trump administration's tariffs illegal and he responded with a fresh round of levies.

DXY fell about 0.2% on Friday, grinding back into 97.60 after a hotter-than-expected Producer Price Index (PPI) report amplified concerns that inflation is proving stickier than the Federal Reserve (Fed) would like, weighing on growth expectations and dragging the Greenback lower.

The Dow Jones Industrial Average fell 600 points, or 1.15%, tumbling back below 49,000 on Friday, capping off a turbulent final trading week in February. The S&P 500 dropped around 0.7% while the Nasdaq Composite lost roughly 0.9%.

The US Dollar Index (DXY), which tracks the Greenback's value against a basket of six major currencies, shows a limited reaction to the stronger-than-expected US Producer Price Index (PPI) data. At the time of writing, the index trades near 97.65, easing from the daily high around 97.85.

Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar is trading sideways as a lack of policy-relevant data keeps FX ranges contained, even as S&P500 futures signal further equity weakness and Treasury yields fall below 4.00%.

BNY's Head of Markets Macro Strategy Bob Savage highlights that the U.S. Dollar has remained in a 95–99 range even as the LME Metals Index has surged, breaking a long-standing negative correlation.

Jan von Gerich at Nordea notes that US data flow has been light, but a December upside surprise in core PCE suggests price pressures may be easing more slowly than CPI implies.

Commerzbank’s Antje Praefcke argues that renewed tariff uncertainty under the US president is eroding long‑term confidence in the Dollar, even as upcoming US data such as ISM, ADP and NFP loom.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is paring its recent gains registered in the previous session and trading around 97.70 during the Asian hours on Friday.

The Dow Jones Industrial Average edged higher on Thursday, gaining around 60 points or 0.11% as defensive names offset a broad semiconductor sell-off sparked by Nvidia's post-earnings decline.

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.