Dow Jones futures gain by 0.12% to trade near 52,350 during European hours on Wednesday. Meanwhile, S&P 500 futures advance by 0.10% to trade around 7,840, while Nasdaq 100 futures inch higher 0.03% to trade near 31,040.
The US Dollar reflects strength on Wednesday amid firm expectations that the Federal Reserve (Fed) will deliver more interest rate hikes this year.
The US President Donald Trump, after finishing his meeting with Ukrainian President Volodymyr Zelenskyy, said that he is figuring out a solution to end the war. Furthermore, he added that Russian President Vladimir Putin is willing to meet to end the war.
The Dollar Index trades near 100.70, its highest level since late July. It has climbed through five straight sessions of falling Crude Oil, the opposite of how the war has moved it for most of this year. The Fed is the reason.
The Dow Jones Industrial Average rose to its highest level since September 14 before the opening bell, then turned lower once trading started in New York. It trades near 51,800, below Monday's close. The NASDAQ Composite tested record highs and the S&P 500 is barely changed.
The US Dollar (USD) remains on a solid footing following a hawkish Federal Reserve (Fed) interest rate decision and persistent hawkish rhetoric from Fed officials.
ING’s Francesco Pesole notes the Dollar started the week strongly despite lower Oil prices and firmer global equities, helped by hawkish remarks from Federal Reserve officials Austan Goolsbee and Alberto Musalem that supported US front-end rates.
OCBC strategists Sim Moh Siong and Christopher Wong highlight that the US Dollar (USD) stayed resilient despite improved risk appetite, supported by hawkish Federal Reserve (Fed) commentary that limited the drop in US front-end yields.
Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) is extending gains after the latest hawkish Federal Reserve (Fed) hike, even as reopening prospects for the Strait of Hormuz temper the move and weigh on Oil.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, retreats slightly after hitting a fresh high since July 30 during the early European session on Tuesday. The index, however, lacks follow-through and currently trades just below mid-100.00s, unchanged for the day.
Dow Jones futures inch lower by 0.04% to trade near 52,450 during European hours on Tuesday. Meanwhile, S&P 500 futures remain steady around 7,830, while Nasdaq 100 futures decline by 0.07% to trade near 30,760.
MUFG’s Lee Hardman notes the US Dollar is holding a stronger tone after the Federal Reserve began tightening policy, lifting the Dollar Index back above 100.00. Support comes from a sharp rise in US yields, with markets now pricing three more Fed hikes over the next year.
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 100.45 in the early European trading hours on Tuesday.
Commerzbank’s Antje Praefcke notes that while the Federal Reserve’s (Fed) unanimous rate hike and hawkish tone have supported the Dollar, markets already discount further tightening of about 75 basis points by mid-2027.
The US Dollar (USD) holds onto previous day’s gains on Tuesday, with the US Dollar Index (DXY) trading firmly around 100.40.
St. Louis Federal Reserve (Fed) President Alberto Musalem said interest rates likely need to rise further to tame inflation that is both demand- and supply-driven.
The Dow Jones Industrial Average trades near 51,900 after its worst week since March. Crude Oil fell back under $100 after President Trump told Fox News he'd probably be open to meeting Iran's President Masoud Pezeshkian at the United Nations General Assembly this week.
The US Dollar (USD) trades slightly higher on Monday as traders remain confident that the Federal Reserve (Fed) will hike interest rates again this year. At press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.1% higher to near 100.30.
OCBC’s Christopher Wong notes that the US Dollar Index (DXY) has held a firmer tone after the FOMC’s 25 bp hike and a higher rate path, supported by elevated US Treasury yields.
Dow Jones futures gain by 0.60% to trade near 52,390 during European hours on Monday. Meanwhile, S&P 500 futures advance by 0.57% to trade around 7,760, while Nasdaq 100 futures rise by 0.86% to trade near 30,170.
HSBC’s FX Viewpoint notes that the Federal Reserve’s unanimous 25bp hike and hawkish guidance have reinforced support for the Dollar. The bank highlights that the dots imply at least one more hike in 2026 and potential tightening in 2027, while still below market pricing.
The US Dollar (USD) reflects strength at the start of the week on prospects of further Federal Reserve (Fed) monetary tightening this year. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, is up 0.15% to near 100.37.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after two days of losses and trading around 100.30 during Asian hours on Monday.
The Bank of Japan (BoJ) raised its rate to 1.25% on Friday and the Yen weakened anyway. The Dollar Index ran to its highest level since late July on that and has given the move back, trading just above 100.30.
The Dow Jones Industrial Average trades near 51,500, back at the level where Wednesday's selling stopped, which means Thursday's rebound is gone. The selling ran one way down from the session high, and every level that looked like a floor turned into a step.
The US Dollar Index (DXY) climbs to a fresh seven-week high on Friday, supported by the Federal Reserve’s (Fed) hawkish interest rate hike on Wednesday. At the time of writing, the index trades around 100.40 and is on track to register a weekly gain of more than 1%.
OCBC strategist Christopher Wong observes that the US Dollar (USD) has eased modestly as UST yields and Oil retraced from their post-FOMC spikes. He sees the move as consolidation, with further USD gains likely needing another leg higher in UST yields.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, regains positive traction on Friday and maintains its bid tone through the first half of the European session.
Dow Jones futures gain by 0.25% to trade near 51,940 during European hours on Friday. Meanwhile, S&P 500 futures advance by 0.34% to trade around 7,670, while Nasdaq 100 futures rise by 0.64% to trade near 29,630.
The US Dollar (USD) consolidates in a tight range during the Asian trading session on Friday, but is close to its highest level seen in the last six weeks. At press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades firmly near 100.27.