MUFG’s Lee Hardman notes the US Dollar is trading modestly weaker after the FOMC left rates unchanged but signalled more caution on further hikes. Despite two hawkish dissenters, the overall tone and recognition of tighter financial conditions support MUFG’s view of only one more Fed hike.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after posting modest losses the previous day and trading near 102.30 during European hours on Thursday.

US stock futures showed mixed results during European trading hours on Thursday. Dow Jones futures gained 0.37% to trade near 52,890, while S&P 500 futures fell 0.38% to around 7,750 and Nasdaq 100 futures lost 1.2% to near 29,620.

DBS Group Research economist Philip Wee notes that the Federal Reserve’s hawkish pause did not sustain the Dollar’s rally, even as US Treasury yields rose. He highlights Kevin Warsh’s cautious tone on future hikes and the importance of upcoming PCE inflation and 3Q26 GDP data.

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 102.25 in the early European trading hours on Thursday.

Commerzbank’s Michael Pfister highlights that the Federal Reserve left rates unchanged, with two dissenting votes for a hike. Strong US growth and labour data support a high probability of December tightening, yet inflation expectations are seen improving.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on a modest Asian session uptick on Thursday, though it holds above the 102.00 round figure.

The Fed held at 3.75%-4.00% on Wednesday with two votes for a hike, which leaves December as the last meeting this year for the increase most officials projected.

Brown Brothers Harriman’s Elias Haddad notes the FOMC is widely expected to keep the Fed funds target range unchanged at 3.75-4.00%, with futures pricing only a small chance of a move. However, a likely 9-3 vote split and Chair Kevin Warsh’s inflation assessment should keep a December hike in play, leaving robust US data and price pressures supportive for the Dollar.

OCBC strategists Sim Moh Siong and Christopher Wong note the US Dollar (USD) stayed broadly steady as AI-related risk appetite returned and Oil prices eased. They expect the Federal Reserve (Fed) to hold rates in October, with focus shifting to December. Hawkish Fed risks, US midterms, AI policy and Iran conflict are seen keeping the Dollar supported but with more two-way volatility.

MUFG’s Derek Halpenny notes the US Dollar (USD) is under upward pressure ahead of the FOMC, with NZD/USD hit hard after a surprise Reserve Bank of New Zealand (RBNZ) hold. He expects the FOMC to keep rates on hold but maintain a hawkish tone, with December largely priced.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, eases from a nearly two-week high, touched earlier this Wednesday, as bulls turn cautious ahead of the crucial FOMC decision.

Dow Jones futures decline by 0.22% to trade near 52,460 during European hours on Wednesday. S&P 500 futures gain 0.08% to trade around 7,760, while Nasdaq 100 futures rise 0.45% to trade near 29,950.

Scotiabank strategists Shaun Osborne and Eric Theoret note the US Dollar (USD) is supported by sentiment even as rate differentials soften.

The US Dollar has been one of the strongest performers among major currencies in the last few sessions.

ING strategists Francesco Pesole, Chris Turner and Frantisek Taborsky note the US Dollar (USD) has started the week on a firm footing, helped by stabilising AI sentiment, a hawkish Federal Reserve backdrop and high energy prices.

TD Securities analysts highlight growing downside risks for the Dollar linked to an AI-driven US equity rout. Cross-asset correlations suggest the USD is increasingly tied to US equity performance relative to the rest of the world.

Dow Jones futures gain by 0.05% to trade near 52,580 during European hours on Tuesday. S&P 500 futures decline 0.11% to trade around 7,710, while Nasdaq 100 futures lose 0.30% to trade near 29,350.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts buyers for the third straight day, building on its recovery from a three-week low, touched last Thursday.

One stock, Goldman Sachs (GS), accounted for about seven of every ten points the Dow Jones Industrial Average added on Monday. The index rose to near 52,600 by the tenth five-minute bar, gave back about two-thirds of that climb by the session low near 52,250, and ended short of 52,400.

The US Dollar Index (DXY) edges higher on Monday as traders reposition ahead of a busy week of central bank decisions across major economies that could trigger sharp market swings.

Commerzbank’s Thu Lan Nguyen expects the upcoming US midterm elections to have a limited impact on FX markets, even if they shift the balance of power in Washington.

The US Dollar (USD) maintains a well-supported stance across global FX markets as traders anticipate the Federal Reserve will keep the Fed funds rate steady at 3.75–4.00% at its upcoming policy meeting on Wednesday.

Dow Jones futures gain by 0.32% to trade near 52,560 during European hours on Monday. S&P 500 futures rise 0.14% to trade around 7,670, while Nasdaq 100 futures decline 0.13% to trade near 29,080.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts some dip-buyers near the 101.60-101.55 region on Monday and looks to build on Friday's recovery from the vicinity of a three-week low.

Brown Brothers Harriman’s (BBH) Elias Haddad expects the Federal Reserve (Fed) to leave the Fed funds rate at 3.75–4.00% this week, with futures pricing only a small chance of a move.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after registering gains in the previous day and trading near 101.70 during Asian hours on Monday.

TD Securities strategists note that FX markets remain meaningfully long the US Dollar (USD) ahead of the October FOMC, with data showing the Fed faces the strongest G10 hiking pressures.

ING strategist Francesco Pesole notes that recent equity sell-offs driven by higher Oil prices and AI concerns have pushed investors toward the Japanese Yen (JPY) and Swiss Franc (CHF), undermining the Dollar’s traditional safe-haven role.

Dow Jones futures decline by 0.37% to trade near 52,870 during European hours on Friday. S&P 500 futures fall 0.07% to trade around 7,700, while Nasdaq 100 futures gain 0.16% to trade near 29,190.