The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the third successive day and trading around 98.70 during the Asian hours on Thursday.
The US Dollar Index (DXY) held firm near the 98.60 area as investors continued to favor the Greenback amid lingering uncertainty around the US-Iran conflict.
DJIA futures turned higher during the Wednesday US session, with the contract recovering from an overnight low below 49,100 to trade back near 49,500 as risk appetite rebuilt.
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that the US Dollar (USD) was largely unmoved by Kevin Warsh’s Senate hearing, as he defended Federal Reserve independence and avoided clear policy guidance.
OCBC strategists Sim Moh Siong and Christopher Wong note that renewed Oil-driven inflation risks are tightening global financial conditions, lifting the US Dollar (USD) as yields rise and risk appetite weakens.
The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, holds steady on Wednesday, hovering near one-week highs as the extension of the US-Iran ceasefire is seen as a temporary pause in military escalation rather than a real breakthrough, suggesting th
MUFG’s Derek Halpenny highlights that President Trump’s ceasefire extension has offered only limited relief, with Oil near USD 100 and risk sentiment deteriorating.
Deutsche Bank analysts report that S&P 500 futures are rebounding after the index suffered its worst day since late March, pressured by Iran-related geopolitical risks and a more hawkish Federal Reserve (Fed) outlook.
Dow Jones futures gain 0.59% above 49,600, with S&P 500 and Nasdaq 100 futures also advancing 0.63% and 0.81% to near 7,150 and 26,850, respectively, during the European hours on Wednesday ahead of the United States (US) regular opening.
DBS Group Research economist Chang Wei Liang notes that while oil climbing toward $100 on stalled Iran-US talks has supported the US Dollar, this rebound will be capped by low conflict risks.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after registering modest gains in the previous day and trading around 98.40 during the Asian hours on Wednesday.
The US Dollar Index (DXY) surged near the 98.40 area, even as Treasury yields edge lower and safe-haven demand fades slightly amid a fragile geopolitical backdrop.
Dow Jones Industrial Average (DJIA) futures eased in Tuesday's session, with the contract printing a fresh overnight high near 49,800 before reversing sharply as traders digested a trio of hotter-than-expected US Retail Sales prints and hawkish testimony from Fed Chair-designate Kevin Warsh.
Dow Jones futures gain 0.14% above 49,700, with S&P 500 and Nasdaq 100 futures also advancing 0.13% and 0.27% to near 7,160 and 26,820, respectively, during the European hours on Tuesday ahead of the United States (US) regular opening.
MUFG’s Senior Currency Analyst Lee Hardman notes the US Dollar (USD) has retreated, with the US Dollar Index (DXY) back towards 98.000, as markets anticipate further de-escalation in the Middle East conflict.
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 98.10 during the Asian trading hours on Tuesday. The DXY trades with mild gains as traders await the developments surrounding the US-Iran talks.
Heightened tensions in the Middle East, which included the closure of the Strait of Hormuz and the US seizing an Iran-flagged vessel, dominate the narrative in the financial markets as traders wait for the second round of talks between Iran and the US.
Dow Jones Industrial Average (DJIA) futures gapped lower at Sunday's reopen toward the 49,100 area but ground steadily higher through the US session to settle only marginally below Friday's closing handle near 49,400.
MUFG’s Lee Hardman notes that the US Dollar (USD) has rebounded at the start of the week, lifting the Dollar Index (DXY) back towards its 200-day moving average near 98.500 after Friday’s low around 97.63.
HSBC Asset Management notes that April’s recovery in risk appetite has coincided with a sharp fall in the US Dollar, leaving year-to-date performance broadly flat and in line with the longer-term dollar-down trend.
Deutsche Bank’s Jim Reid and colleagues describe how the S&P 500 has rallied strongly, reaching fresh record highs as Iran–US resolution hopes improved and Oil fell. They caution that earlier war episodes, such as Ukraine, show rallies can reverse if peace hopes fade.
Dow Jones futures decline 0.62% below 49,350, with S&P 500 and Nasdaq 100 futures also falling 0.49% and 0.47% to near 7,120 and 26,700, respectively, during European hours on Monday ahead of the United States (US) regular opening.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is experiencing volatility and holding gains around 98.30 during the Asian hours on Monday.
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 98.30 during the Asian trading hours on Monday. The DXY trades with mild gains on renewed US-Iran tensions.
United States (US) President Donald Trump just confirmed on Truth Social that US representatives are going to Islamabad, where negotiations with Iran will take place on Monday.
The US Dollar Index (DXY) is losing momentum near 98.00 as safe-haven demand fades on the reopening news, but downside remains limited amid lingering geopolitical risks.
US equities ripped higher on Friday as a ceasefire between Israel and Lebanon, paired with Iran's announcement that the Strait of Hormuz would reopen to commercial traffic, triggered a broad risk-on rally.
Brown Brothers Harriman’s (BBH) Elias Haddad notes that global markets are consolidating as investors watch whether the US-Iran ceasefire becomes a durable agreement.
TD Securities reports that United States labor market data surprised slightly on the positive side, with initial jobless claims below expectations and continuing claims near consensus. This reinforces a picture of a still-resilient US economy.
Nordea analysts Sara Midtgaard and Henrik Unell argue that the Dollar is likely to weaken over coming years as global capital is reallocated away from US assets and toward other regions.