The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, consolidates around the 101.70 region during the Asian session on Tuesday, awaiting further developments surrounding the Middle East crisis and the US consumer inflation figures.
The safe-haven US Dollar (USD) is showing the weakest performance among major currencies on Monday, as improving market sentiment boosts riskier-perceived currencies, with negotiations for a Middle East peace apparently making progress and Oil prices dropping to levels near two-month lows.
Brown Brothers Harriman’s (BBH) Elias Haddad notes that the US Dollar (USD) has given back part of its post-NFP gains, but still benefits from robust US economic activity, a firm labor market and sticky inflation that underpin the Federal Reserve’s (Fed) hawkish bias.
MUFG’s Lee Hardman notes the US Dollar has rebounded, lifting the Dollar Index back above 102.00 after post-election losses. Stronger US labour market data and higher employment growth have shifted the Federal Reserve’s focus toward upside inflation risks.
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that recent contagion from AI-driven equity selling into defensive stocks has lifted the Dollar, even before strong US jobs data.
Dow Jones futures advance 0.65% to trade around 51,720 during the European hours on Monday. Meanwhile, S&P 500 futures gain 0.30% to trade around 7,420 and Nasdaq 100 futures decline 0.12% to trade around 27,050.
Deutsche Bank’s Jim Reid and team note the Dollar Index closed at 102.11, up 0.51%, as markets pivot from strong US payrolls toward October CPI and PPI. Their economists expect softer monthly inflation prints, while year-on-year CPI cannot be calculated due to missing 2025 index levels. They still project 25bp Fed rate hikes in December and March.
ING’s Chris Turner notes that the US Dollar (USD) has reacted only modestly to the sharp sell-off in US tech stocks, with FX markets treating it as a sector-specific story.
The US Dollar (USD) is showing the strongest performance among major currencies on Friday, amid a mix of risk-aversion, following a tech-led rout in equity markets, and investors’ hopes of a strong US Nonfarm Payrolls (NFP) report later in the day.
DBS Group Research’s Philip Wee notes that the Dollar failed to benefit from the latest risk-off episode as US Treasury yields and Fed hike expectations fell. He highlights that the DXY Index was flat despite an equity rout, with investors reassessing the need for further tightening.
MUFG’s Lee Hardman notes that the US Dollar has reversed its initial post-election losses despite a sharp sell-off in AI-related equities.
The US Dollar (USD) trades sharply higher against its major currency peers as global sector rotation due to intensified sell-off in stocks related to Artificial Intelligence (AI) infrastructure has increased demand for safe-haven assets.
Dow Jones futures decline 0.85% to trade around 51,170 during the early European hours on Friday. Meanwhile, S&P 500 futures inch higher 0.06% to trade around 7,390 and Nasdaq 100 futures advance 0.90% to trade around 26,990.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, gains some follow-through positive traction during the Asian session on Friday, recovering further from its lowest level since late September set the previous day.
Wednesday was the Dow Jones Industrial Average's best session since April 2025 and Thursday is on track to be its worst since the same month, on the same election result. The index trades just above 51,500, below Tuesday's close and at its lowest since October 14.
A fresh wave of selling in AI-linked stocks is pulling Wall Street into one of its worst days in recent memory. A Democratic win in both the upper and lower houses has added fresh worries that AI data center projects could face renewed moratoriums and regulatory pressures.
TD Securities strategists argue that a Democratic blue sweep is modestly negative for the US Dollar (USD) via relative equities, rates and growth.
The US Dollar (USD) is reversing previous losses on Thursday as markets start to shift their gaze away from the results of the US midterm elections to the solid US macroeconomic figures released this week, which pave the path for another Federal Reserve (Fed) interest rate hike in December.
MUFG’s Lee Hardman notes that the US Dollar (USD) has extended its post-US mid-term election decline, with the US Dollar Index (DXY) down and US yields softer as Brent Oil drops back towards its 200-day moving average.
Dow Jones futures advance 0.5% to trade around 53,770 during the European hours on Thursday. Meanwhile, S&P 500 futures decline 0.05% to trade around 7,720 and Nasdaq 100 futures lose 0.69% to trade around 28,360.
Danske Research Team highlights that broad USD weakened as US bond yields declined following the Democratic sweep in the US midterms and a sharp fall in energy prices.
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 consecutive day and reaching its monthly low of 101.20 during Asian hours on Thursday.
The US Dollar (USD) has traded broadly on the back foot on Wednesday, at some point retreating to the area of five-week lows as market participants were assessing the Democrats’ stunning victory at the US midterm elections.
TD Securities’ FX team, led by Jayati Bharadwaj and Howard Du, expects the US Dollar (USD) to see a modest relief selloff into year-end, with weaker-than-expected payrolls potentially accelerating the decline.
ING analysts James Knightley, Carsten Brzeski, Padhraic Garvey, Lynn Song and Chris Turner note that the Dollar has softened after the Democratic sweep in US midterms, though losses have been pared with Nasdaq futures stabilizing.
The US Dollar (USD) is showing the weakest performance among the major currencies on Thursday, hammered by the US President Donald Trump’s defeat in the midterm election.
Societe Generale’s Kit Juckes discusses the Dollar’s post-election weakness as US equities and technology stocks initially sold off before recovering. He notes US strategists see a strong economy and limited fiscal impact from a Democrat-controlled Congress, suggesting the Dollar dip may be temporary. However, heavy long-Dollar positioning and elevated geopolitical and economic uncertainty could allow further downside next year.
ING’s Chris Turner notes Democrats’ sweeping midterm victory has initially weighed on the Dollar and short-dated US rates, but much of the move is being reversed as investors refocus on a strong US economy and a tightening Federal Reserve.
Dow Jones futures advance 0.4% to trade around 52,100 during the European hours on Wednesday. Meanwhile, S&P 500 futures gain 0.15% to trade around 7,610 and Nasdaq 100 futures rise 0.14% to trade around 28,340.
The US Dollar (USD) underperforms its major currency peers on Wednesday due to the victory of United States (US) Democrats in both houses of Federal law.