The Dow Jones Industrial Average tumbled around 257 points, or 0.6%, on Friday as all three major US indices tracked toward a fourth consecutive losing week. The S&P 500 fell 0.8%, while the Nasdaq Composite underperformed with a decline of 1.2%.
Citing officials, the Wall Street Journal reported on Friday that the Pentagon is sending roughly "2,200 to 2,500 Marines from the California-based USS Boxer amphibious ready group and 11th Marine Expeditionary Unit," to the Middle East, alongside three warships.
Scotiabank’s global FX strategy team reports broad Dollar strength as G10 performance realigns with early US/Iran conflict patterns. They stress fragile risk sentiment as markets reassess prolonged conflict risks, central bank paths and violent yield repricing.
Brown Brothers Harriman’s Elias Haddad notes that recent political comments briefly steadied risk sentiment, but renewed risk aversion has lifted the Dollar, Oil and bond yields while pressuring equities. With no key data due, focus is on Fed speakers.
TradingKey - JPMorgan Chase recently lowered its year-end target for the S&P 500 index ( SPY) from 7,500 to 7,200 points, citing a straightforward reason: the market's assessment of Iranian war risks
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that the Dollar has weakened as hawkish shifts by the ECB and BoE overshadow Jerome Powell’s recent comments.
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 99.40 during the Asian trading hours on Friday. The DXY edges higher after a hawkish hold by the US Federal Reserve (Fed).
The Dow Jones Industrial Average extended losses on Thursday, falling below 46,000 as a renewed spike in Crude Oil prices deepened concerns about stagflation in the US economy.
Brown Brothers Harriman’s Elias Haddad highlights that an escalating Iran war-driven energy shock, combined with a restrictive Federal Reserve and tightening bias at other central banks, is pressuring risk assets and supporting the Dollar.
Dow Jones and S&P 500 futures are steady around 46,530 and 6,670, respectively, during European hours on Thursday, ahead of the US cash market open. Meanwhile, Nasdaq 100 futures edge lower by 0.17% to hover near 24,600 at the time of writing.
Commerzbank’s Thu Lan Nguyen notes that the Dollar strengthened after the latest Fed meeting, driven by several smaller hawkish signals rather than a single major shift. Powell stressed that rate cuts depend on inflation moving toward target, while long-term expectations remain anchored.
TD Securities strategists argue that Powell’s hawkish-leaning press conference has supported the US Dollar as markets price out 2026 Fed cuts.
MUFG’s Senior Currency Analyst Lloyd Chan notes that the Federal Reserve kept policy unchanged and now signals only one rate cut in 2026, as the US-Iran war and higher energy prices complicate the outlook.
The US Dollar Index (DXY) is trading mostly in place on Wednesday, cycling quickly in place after the Federal Reserve (Fed) delivered a widely-anticipated interest rate hold.
DXY edged up about 0.3% on Wednesday, trading around 99.85 in a session dominated by the hotter-than-expected Producer Price Index (PPI) print ahead of Wednesday's Federal Reserve (Fed) decision.
The Dow Jones Industrial Average fell nearly 1% on Wednesday, shedding over 450 points as a hotter-than-expected Producer Price Index (PPI) print landed on the same day as the Federal Open Market Committee (FOMC) rate decision.
Brown Brothers Harriman’s (BBH) Elias Haddad notes the Federal Reserve is widely expected to keep the funds rate at 3.50%-3.75%, with markets focused on the vote split, dot plot and Chair Powell’s tone.
BNY’s Head of Markets Macro Strategy Bob Savage notes the Dollar is entering the FOMC decision on solid footing, with earlier February Dollar hedging sales now fully reversed.
Societe Generale argues that a mildly restrictive Federal Reserve stance and potential hawkish adjustments to the SEP could support the Dollar against G10 and EM currencies.
ING strategist Francesco Pesole argues that a hawkish revision of the Federal Reserve Dot Plot could support the Dollar, with markets already pricing limited cuts.
UOB analysts note the broad Dollar index DXY fell for a second day to 99.57 as traders positioned ahead of the Fed decision and reacted to geopolitical tensions around Iran.
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 99.60 during the Asian trading hours on Wednesday.
The US Dollar (USD) lost its firmness and is now on a two-day losing spree. The Greenback initially fell because investors were cautious over the Middle East war and Wednesday's Federal Reserve (Fed) monetary policy decision.
The US Dollar Index (DXY) eased around 0.2% on Tuesday, slipping back toward the 99.50–99.60 area after a failed attempt to recapture the psychologically significant 100.00 handle.
US stocks posted a second consecutive session of gains on Tuesday, with the Dow Jones Industrial Average (DJIA) adding around 0.3% to hold in the 47,000 region. The S&P 500 rose approximately 0.3%, and the Nasdaq Composite gained a similar amount.
Deutsche Bank’s Global Head of FX Research George Saravelos notes that the Iran war has made markets highly correlated to energy, with higher Oil prices and weaker global growth now supporting the Dollar. Asia FX is seen as central to broad Dollar direction and is being hit hardest.
TD Securities analysts note that US rates rallied as markets stabilised, with attention on Fed policy expectations and geopolitical headlines. While hike odds have risen, they pushes back, arguing the hawkish outcome is more likely a prolonged pause.
Dow Jones futures decline 0.27% to trade near 46,850 during European hours ahead of the US regular market open on Tuesday. S&P 500 and Nasdaq 100 futures fall 0.50% and 0.58% to trade near 6,670 and 24,530 at the time of writing.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts some dip-buyers following the previous day's pullback from its highest level since May 2025.
The US Dollar (USD) holds its Monday’s corrective move, which was driven by a significant retracement in the oil price that eased de-anchored consumer inflation concerns.