Dow Jones Industrial Average (DJIA) futures clawed back ground on Friday, May 8, after Thursday's late-session selloff dragged the cash index toward 49,500. Overnight dealing through Asia and Europe held a tight range just above 49,600, with traders reluctant to commit ahead of the US jobs report.

TD Securities’ FX strategists Jayati Bharadwaj and Howard Du note that stronger United States (US) payrolls produced only a modest reaction in the US Dollar (USD), as markets focus more on inflation than labor data.

The United States (US) created 115K new jobs in April, much better than the 62K anticipated by markets. The unemployment rate in the same month was confirmed at 4.3%, as expected. The Nonfarm Payrolls (NFP) report came in better than anticipated, yet the US Dollar (USD) eased with the news.

Brown Brothers Harriman’s (BBH) Elias Haddad notes that efforts by the Trump administration to narrow the US trade deficit are structurally negative for the Dollar via balance of payments dynamics.

ING’s Francesco Pesole notes that the US Dollar (USD) has rebounded as hopes for a swift US‑Iran deal fade, with fresh military incidents in the Strait of Hormuz and a restart of US escorts weighing on risk sentiment.

UBS' Chief Economist Paul Donovan comments that United States (US) April employment data are unlikely to show war effects yet, with moderate job gains and stable earnings anticipated.

Deutsche Bank analysts point out that stronger US data and hawkish Federal Reserve commentary have pushed Treasury yields higher and supported the Dollar Index.

Dow Jones futures gain 0.18%, trading near 49,790 during the early European hours on Friday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 rise 0.30% to near 7,390, and the Nasdaq 100 futures advance 0.48% above 28,820.

MUFG’s Lloyd Chan expects today’s US nonfarm payrolls to pose upside risks for the US Dollar (USD), with labour indicators hinting at a stronger April print.

The US Dollar (USD) pares losses against its main peers on Friday, as hopes for a swift end to the war in Iran fade again, following an exchange of fire in the Strait of Hormuz.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching lower after registering modest gains in the previous day and trading around 98.20 during the Asian hours on Friday.

The US Dollar Index (DXY) is trading with a softer tone near the 98.10 area as markets continue reacting to rapidly shifting headlines surrounding the potential peace agreement between the United States (US) and Iran.

The morning belonged to the deal: Asia had ripped overnight, with the Nikkei 225 clearing 62,000 for the first time on a session that gained north of 5%, and US futures came in primed for another leg of the Iran ceasefire trade.

The DJIA was off around 0.4% in early afternoon trade, sliding back below 50,000 after tagging an intraday high near 50,100.

BNY’s Geoff Yu notes that expectations of progress toward peace in Iran are driving a bond rally and shaping flows in the United States (US) Treasury market. As Oil prices fall and real rates reprice, he argues exporter surpluses and reserve management trends could again favor the US Dollar (USD).

Brown Brothers Harriman’s (BBH) Elias Haddad notes that the Dollar has given back all its war-related gains, with recent weakness seen as overdone.

MUFG’s Lloyd Chan notes the US Dollar (USD) has softened as US Dollar Index (DXY) retests support and US yields fall, while equities hit new highs. Recent US data show stronger ADP employment but worrying ISM services inflation and weak employment.

Dow Jones futures gain 0.23%, trading near 50,150 during the European hours on Thursday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 rise 0.18% to near 7,400, and the Nasdaq 100 futures advance 0.21% above 28,780.

Deutsche Bank’s Early Morning Reid notes that US equities extended gains as stagflation fears eased with lower Oil prices and AI-related optimism.

The US Dollar Index (DXY) slides near the 98.00 area, with limited losses supported by resilient United States (US) data but capped by improving risk sentiment after Axios reported that the US and Iran are moving closer to a deal aimed at ending the conflict.

US equities pushed higher on Wednesday as risk appetite returned on signs that the US-Iran conflict could be heading toward a broader resolution. The Dow Jones Industrial Average (DJIA) added roughly 540 points to close above 49,800 after testing levels near 50,000 intraday.

MUFG’s Derek Halpenny notes that renewed hopes for a peace deal with Iran and a sharp drop in Brent crude Oil are pressuring the US Dollar (USD), with risk appetite supported by strong global equities and AI-driven gains.

TD Securities analysts argue the US Dollar (USD) faces asymmetric downside risk around the April US payrolls release.

The US Dollar (USD) depreciates against its main peers on Wednesday amid hopes that the US and Iran are close to a deal to end the war. The USD Index (DXY), which measures the US Dollar against a basket of currencies, drops more than 0.7% on the day, approaching pre-war levels at 97.50.

Dow Jones futures gain 0.17%, trading near 49,500 during the European hours on Wednesday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 rise 0.28% to near 7,310, and the Nasdaq 100 futures advance 0.70% above 28,330.

Deutsche Bank analysts highlight that the latest tech boom has driven the S&P 500 back to record highs, with global equities supported by easing stagflation fears and solid US data.

UOB analysts report that the US Dollar index DXY posted another small gain as markets digested a four-week ceasefire in the Middle East and reduced fears of a renewed US-Iran 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 98.30 during the Asian trading hours on Wednesday. The DXY attracts some sellers due to easing tensions in the Middle East.

The US Dollar Index (DXY) is trading with a neutral tone near the 98.50 area, supported by safe-haven demand and elevated US yields even after upbeat US data. Price action remains choppy amid shifting Middle East headlines.

US equities are trading higher on Tuesday as crude prices ease and a wave of stronger-than-expected first-quarter earnings reinforces the thesis that profits, not policy, are doing the heavy lifting in this market.