The Dow Jones Industrial Average trades near 54,500 on Wednesday, 0.76% higher and at a fresh record, roughly 1,400 points above the high it set in early July. The bid rests on the Strait of Hormuz reopening within days, after Washington called off a fresh round of strikes and pointed at talks.

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, trades modestly lower near 99.80 on Wednesday, shedding around 0.15% after a stagflationary batch of United States (US) data.

TD Securities strategists expect only modest US Dollar (USD) weakness if July payrolls or the unemployment rate disappoint.

On Wednesday, the US removed Iran-related sanctions, according to the US Treasury Department’s website. The US Treasury lifted sanctions imposed on two aircraft linked to the IRGC and three airlines.

Brown Brothers Harriman’s (BBH) Elias Haddad notes the Dollar is mixed as global equities rise and Oil stabilizes. Haddad argues the USD rally from May has likely ended, with US Dollar Index (DXY) expected to consolidate in a 96.00–100.00 range.

TD Securities strategists notes that United States (US) JOLTS job openings fell more than expected in June, though they remain elevated versus private indicators. They also expect the United States (US) ISM Services Index to rise in July, projecting 55.0 versus June’s 54.0 and a consensus of 54.5.

The US Dollar (USD) reflects a subdued performance against its peers ahead of the United States (US) ADP Employment Change and the ISM Services Purchasing Managers’ Index (PMI) data for July, which will be published in the North American session.

DBS Group Research strategist Philip Wee notes that the US Dollar Index (DXY) Index is struggling to regain the 100 level, with European currencies better reflecting underlying Dollar weakness once Japanese Yen (JPY) volatility is excluded.

Dow Jones futures rise 0.23% to trade around 54,390 during European hours on Wednesday. Meanwhile, S&P 500 futures gain 0.34% to trade near 7,790, while Nasdaq 100 futures advance 0.14%, trading near 29,900.

TD Securities’ macro team, led by Jayati Bharadwaj and colleagues, argues that recent Dollar weakness after the July FOMC is a short-lived retracement within a broader Q3 2026 USD uptrend.

The US Dollar Index (DXY) edges lower for the second consecutive day on Wednesday, after failing to consolidate above the 100.00 level on Monday.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second successive day and trading around 99.90 during the Asian session on Wednesday.

The Dow Jones Industrial Average trades above 54,100 on Tuesday, more than 900 points higher and through the July peak just over 53,300 that had stood since the first week of last month. The run reaches a fourth consecutive session and close to 2,500 points, near 5%, since the 29 July decision.

Rabobank’s Senior FX Strategist Jane Foley notes the US Dollar (USD) has been the weakest G10 currency over the past week, with US Dollar Index (DXY) down about 2% from late July.

HSBC strategists discuss the US Dollar (USD) reaction to the July Federal Open Market Committee (FOMC) meeting, where the Federal Reserve (Fed) kept rates at 3.50-3.75% despite some dissent for a hike.

United Overseas Bank’s (UOB) Quek Ser Leang notes that the USD Index bias has shifted to the downside after failing to break above the weekly Ichimoku cloud and instead plunging below the 55-week EMA.

BNY strategists John Velis and David Tam highlight the July Nonfarm Payrolls (NFP) report and upcoming Consumer Price Index (CPI) releases as key inputs for the Fed. They see consensus around 80,000 jobs, with a breakeven near 50,000 to keep unemployment steady.

Dow Jones futures rise 0.17% to trade around 53,430 during European hours on Tuesday. Meanwhile, S&P 500 futures gain 0.23% to trade near 7,650, while Nasdaq 100 futures advance 0.68%, trading near 29,090.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive day and trading around 100.00 during the European session on Tuesday.

Commerzbank’s Antje Praefcke discusses how new Fed Chair Warsh may be relying on markets to tighten financing conditions instead of raising rates, leaving the Dollar exposed to data-driven volatility.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on a modest Asian session uptick and currently trades around the 100.00 psychological mark, nearly unchanged for the day.

The US Dollar Index (DXY) stages a modest comeback on Monday as stronger-than-expected US manufacturing Purchasing Managers Index (PMI) data and uncertainty over US-Iran talks help the Greenback stabilize following last week’s sell-off, triggered by joint intervention from Washington and Tokyo to su

DBS Group Research economist Philip Wee argues that the Dollar’s outlook in August is weak after a sharp stumble at the end of July.

Deutsche Bank strategists outlines a United States (US) macro backdrop where the Federal Reserve (Fed) held rates but three officials dissented for a hike, keeping inflation concerns alive. They expect two further 25bp increases this year and closely watch upcoming labour and activity data.

Dow Jones futures gain 0.54% to trade around 52,920 during European trading hours on Monday. Meanwhile, S&P 500 futures rise 0.49% to trade near 7,550, while Nasdaq 100 futures advance 0.64%, trading near 28,590.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after three days of gains and trading around 101.50 during the Asian session on Tuesday.

ING’s Chris Turner notes that despite sizeable joint FX intervention in USD/JPY and lower Oil prices, the US Dollar (USD) is not broadly weaker as markets still price a Federal Reserve (Fed) hike in September.

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 99.70 in the Asian trading hours on Monday. The DXY declines amid improved risk sentiment.

The first full week of August will test whether the US Dollar can recover from its sell-off during the last week of July as investors shift their attention from central bank decisions to a fresh round of economic data.

The US Dollar Index (DXY) struggles to hold its early recovery on Friday as the fallout from suspected Japanese intervention and the possibility of direct action by the United States (US) keep the Greenback under pressure.