Commerzbank’s Michael Pfister notes that stronger US labour data briefly supported the Dollar, pushing EUR/USD back below 1.19, as markets priced out some interest rate cuts. However, he stresses this is only one data point and payrolls are often revised lower.

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 softer note near 96.80 during the Asian trading hours on Thursday. The US weekly Initial Jobless Claims data is due later in the day.

The Dow Jones Industrial Average (DJIA) gave back early gains on Wednesday, shedding around 120 points to close down roughly 0.2% near 50,010 after briefly reclaiming the 50,000 handle in early trading.

ING strategist Francesco Pesole notes that recent Dollar weakness has been driven more by sentiment than data, but highlights that today’s US payrolls are pivotal.

MUFG's Senior Currency Analyst Michael Wan explains that weaker US retail sales and signs of cooling labour demand are clouding the Federal Reserve’s policy path. Fed fund futures now fully price a June rate cut and potentially more easing through 2026.

Societe Generale analysts note that the Dollar is on the back foot into US NFP, with recent weak retail sales driving a tactical bid in Treasuries.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, holds losses and is trading near 96.60 during the Asian hours on Wednesday.

Commerzbank’s Erik Liem flags the delayed US labour market report as the key driver for US rates and Dollar pricing, especially after the strong reaction to JOLTS.

Commerzbank’s Antje Praefcke argues that January’s delayed US labor market report is unlikely to trigger major moves in the US Dollar, as Nonfarm Payrolls are expected around 70,000 with unemployment steady at 4.4%.

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 96.65 during the Asian trading hours on Wednesday. The delayed US employment report for January will take center stage later on Wednesday. 

The Dow Jones Industrial Average (DJIA) extended its record streak on Tuesday, touching a fresh all-time intraday high of 50,509.22 before settling at 50,259.81, up 123.57 points or 0.25%.

Rabobank’s Michael Every highlights Trump’s suggestion that US growth could reach 15% under Fed Chair Warsh, implying a willingness to run the economy hot and supporting capital inflows into the Dollar.

MUFG’s Lee Hardman notes the US Dollar has weakened after the Dollar Index fell back below 97.000, with selling pressure linked to softer US labour market expectations and diversification concerns around US Treasuries.

Rabobank Senior FX Strategist Jane Foley notes renewed debate over USD debasement after reports that Chinese regulators urged local institutions to curb US Treasury holdings, leaving the Dollar softer.

ING’s Chris Turner notes the Dollar has struggled, with FX options skew showing strong demand for Dollar puts across tenors. He highlights upcoming US data, including ADP jobs, NFIB sentiment and December retail sales, as key drivers.

DBS Group Research highlights that its FX risk score has fallen to the lowest level since late 2021, driven mainly by a weaker US Dollar in early 2026 after a 9.4% depreciation in 2025.

Scotiabank analysts Shaun Osborne and Eric Theoret note the Dollar is starting the week on the back foot after a weak close on Friday, with DXY slipping further as CHF, EUR and Japanese Yen lead gains.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, remains subdued for the third successive session and is trading near 96.80 during the Asian hours on Tuesday.

The Dow Jones Industrial Average (DJIA) recovered back to near-flat on Monday after declining as much as 160 points in morning trading. The S&P 500 gained 0.4% to touch 6,961, while the tech-heavy Nasdaq Composite managed modest gains after opening sharply lower.

Rabobank analysts note that post-GFC portfolio flows favoured US assets, but since last year geopolitical tensions, tariff concerns and US fiscal worries have eroded the ‘buy America’ trade. Strong CHF and SEK versus weak USD and JPY reflect a renewed focus on fiscal strength.

Brown Brothers Harriman (BBH) expects the Dollar to trade defensively this week as US labor market softness and easing inflation support Fed funds futures pricing 50 bps of cuts by year-end.

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 near 97.60 during the Asian hours on Monday.

The US Dollar (USD) saw little movement this week after markets assessed the United States (US) President Donald Trump's nomination of Kevin Warsh, a former member of the Federal Reserve (Fed) Board of Governors, as the next Fed Chair, and the partial US government shutdown that pushed employment an

The Dow Jones Industrial Average surged 1,050 points, or 2.15%, to close at 49,958.72, a fresh record high on Friday as stocks rebounded sharply from Thursday's tech-led selloff. The S&P; 500 climbed 1.2% to 6,880.13, while the Nasdaq Composite advanced 1.0% to 22,765.45.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, edges lower after two days of gains and trades around 97.90 during the Asian hours on Friday.

The Dow Jones Industrial Average (DJIA) took another header on Thursday, tumbling 650 points and following the rest of the market lower as investors rotate firmly into a flight for safety.

Dow Jones futures slip 0.05% to around 49,560 during Thursday’s European session ahead of the US regular opening as investors rotated out of technology and into more reasonably valued sectors. The Dow Jones index gained 0.67% on Wednesday's regular hours.

Deutsche Bank analysts highlight that the ISM services index rose to 53.8, its highest since late 2024, while the prices paid component climbed to 66.6, a strong leading indicator for US inflation.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, gains ground for the second successive session and is trading around 97.80 during the Asian hours on Thursday.

The Dow Jones Industrial Average (DJIA) climbed about 600 points, or 0.6%, and tapped the 49,600 region on Wednesday, gaining ground on the back of climbing pharmaceutical stocks.