TD Securities analysts argue the US Dollar (USD) faces asymmetric downside risk around the April US payrolls release.

The US Dollar (USD) depreciates against its main peers on Wednesday amid hopes that the US and Iran are close to a deal to end the war. The USD Index (DXY), which measures the US Dollar against a basket of currencies, drops more than 0.7% on the day, approaching pre-war levels at 97.50.

Dow Jones futures gain 0.17%, trading near 49,500 during the European hours on Wednesday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 rise 0.28% to near 7,310, and the Nasdaq 100 futures advance 0.70% above 28,330.

Deutsche Bank analysts highlight that the latest tech boom has driven the S&P 500 back to record highs, with global equities supported by easing stagflation fears and solid US data.

UOB analysts report that the US Dollar index DXY posted another small gain as markets digested a four-week ceasefire in the Middle East and reduced fears of a renewed US-Iran conflict.

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 98.30 during the Asian trading hours on Wednesday. The DXY attracts some sellers due to easing tensions in the Middle East.

The US Dollar Index (DXY) is trading with a neutral tone near the 98.50 area, supported by safe-haven demand and elevated US yields even after upbeat US data. Price action remains choppy amid shifting Middle East headlines.

US equities are trading higher on Tuesday as crude prices ease and a wave of stronger-than-expected first-quarter earnings reinforces the thesis that profits, not policy, are doing the heavy lifting in this market.

Rabobank’s Senior FX Strategist Jane Foley notes the US Dollar Index (DXY) is trading near key moving averages, with markets reluctant to extend USD longs despite renewed Middle East tensions.

Brown Brothers Harriman’s (BBH) Elias Haddad notes that risk sentiment remains resilient even as US–Iran tensions flare, with Brent Oil easing and the US Dollar Index (DXY) consolidating below its 200‑day average.

BNY’s Bob Savage describes a fragile risk backdrop, with investors tracking the Strait of Hormuz as a key barometer for energy supply relief. Despite ceasefire doubts after Iran–U.S. exchanges, risk assets are firmer, Oil is lower, Gold higher and the Dollar bid.

ING’s Chris Turner notes that the US Dollar (USD) is benefiting from a hawkish Federal Reserve (Fed) narrative as markets price in a small amount of additional tightening for 2026. He highlights that high Oil prices and Gulf tensions are keeping short-dated US rates supported.

Dow Jones futures gain 0.24%, trading near 49,200 during the European hours on Tuesday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 rise 0.30% to near 7,250, and the Nasdaq 100 futures advance 0.48% above 27,900.

Deutsche Bank analysts report that the S&P 500 slipped from record highs as higher Oil prices and rising Treasury yields weighed on risk assets.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, holds steady around mid-98.00s during the Asian session on Tuesday, consolidating its gains registered over the past two days.

The US Dollar Index (DXY) holds a firm tone near the 98.40 price zone, supported by safe-haven demand amid ongoing Middle East hostilities that keep markets cautious, with headlines suggesting that Iran allegedly attacked a United States (US) military ship despite US denials.

US equities slumped on Monday as a series of escalating reports out of the Persian Gulf revived concerns that the fragile US-Iran ceasefire is fraying. The Dow Jones Industrial Average shed roughly 0.9%, slipping back toward 49,000 after an intraday low below that level.

TD Securities economists Oscar Munoz and Eli Nir anticipate a normalization in United States (US) labor data, with nonfarm payrolls at 80k, unemployment at 4.3% and modest wage growth.

A senior Iranian official told Reuters that Iran fired a warning shot against a US warship to prevent its entry into the Strait of Hormuz, adding that it was unclear whether there was any damage.

The US Dollar (USD) edges up against its main peers on Monday, with the USD Index (DXY) returning to levels above 98.00 after bouncing at 97.70 lows on Friday, although it remains within the lower range of the last few weeks' trading band.

DBS Group Research economist Philip Wee expects the Dollar’s April weakness to persist into May, as the USD’s earlier two-month rise unwinds.

BNY’s Bob Savage notes that April’s 10% S&P 500 surge, the strongest in 33 years, reversed a prior defensive rotation from big tech into Energy, Materials and Industrials and into cash.

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 98.20 during the Asian trading hours on Monday. The DXY steadies as traders continue to assess geopolitical tensions in the Middle East. 

The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, turns higher on Friday, recovering from earlier weakness, though it remains on track to close the week in negative territory.

Dow Jones Industrial Average (DJIA) futures traded above 49,800 in overnight and pre-market action, building on a near 1,500-point rally from Thursday morning's lows around 48,500 and pressing toward the 50,000 mark for the first time.

The US Dollar Index (DXY) fell to a two-week low near the 98.00 price zone on Friday, extending the losses seen the previous day and ending a week in which the world's most important central banks confirmed a hawkish shift due to rising inflation pressures.

Dow Jones futures gain 0.14%, trading near 49,900 during the European hours on Friday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 rise 0.12%, to near 7,250. However, Nasdaq 100 futures advance 0.04% to near 27,600.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, regains some positive traction on Friday and reverses a part of the previous day's sharp retracement slide from a three-week high – level just above the 99.00 mark.

The Dow Jones Industrial Average climbed sharply on Thursday, adding about 730 points, or 1.5%, after rallying from an overnight low below 48,500 to a session high just above 49,600.

The US Dollar (USD) faces intense selling pressure against its major currency peers ahead of the release of the United States (US) preliminary Q1 Gross Domestic Product (GDP) and the Personal Consumption Expenditure Price Index (PCE) data for March, which will be published at 12:30 GMT.