DJIA futures clawed back from a weekend-driven plunge on Monday, recovering from session lows above 49,000 to trade close to Friday's closing levels by mid-afternoon. The bounce came despite a backdrop of higher Oil prices, elevated sovereign bond yields, and unresolved US-Iran tensions.
TD Securities’ Global Strategy Team notes a sharp bear steepening in US yields, with 30-year rates holding above 5% for four consecutive days for the first time since 2007. Markets now price in just over one additional Fed hike between July 2026 and June 2027.
DBS Group Research economist Philip Wee argues that recent US Dollar (USD) resilience reflects higher-for-longer US yields rather than genuine fundamental strength.
The US Dollar (USD) shows moderate losses against its main currency peers on Monday, as rumours about ongoing US-Iran negotiations have lifted market sentiment during the European session.
Dow Jones futures pare its intraday losses, remaining down by 0.56%, near 49,350 during the European hours ahead of the United States (US) regular opening on Monday. Meanwhile, the S&P 500 fall 0.23% to near 7,410, and the Nasdaq 100 futures hovers near 29,240.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, gives back its early gains and turns negative to near 99.15 during the European trading session on Monday. In the Asian session, the USD Index rose to near 99.45, the highest level seen in over five weeks.
The US Dollar Index (DXY) climbs above the 99.30 region, reaching fresh multi-week highs on Friday as stronger-than-expected United States (US) economic data reinforced expectations that the Federal Reserve (Fed) may keep interest rates elevated for longer.
The US Dollar Index (DXY), which measures the Greenback against a basket of six major currencies, extends its rally on Friday, climbing to its highest level since April 8 as investors continue to favor the US Dollar amid hawkish Federal Reserve expectations and persistent geopolitical uncertainty su
ING's Francesco Pesole notes the US Dollar (USD) is gaining strong short-term momentum as hotter US data reinforce expectations for a Federal Reserve (Fed) hike.
Deutsche Bank analysts highlight that the Dollar Index (DXY) strengthened as United States (US) yields moved higher and data remained resilient. Retail sales matched expectations, and the Atlanta Fed’s GDPNow estimate for Q2 was revised up, underscoring solid economic momentum.
Societe Generale’s Kit Juckes links the Dollar’s trajectory to shifting interest rate and growth differentials, noting that US 2-year Treasury yields have surged since the war with Iran while the Dollar Index has only modestly advanced.
Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) is strengthening as firm Oil prices lift bond yields and weigh on equities, while the US-China summit delivered only marginal diplomatic progress.
Dow Jones futures decline 0.35% below 50,000 during the European hours on Friday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 fall 0.56% to near 7,480, and the Nasdaq 100 futures slid 0.81% to near 29,450.
The US Dollar (USD) is outperforming this week, fuelled by higher US Treasury yields as solid macroeconomic data and high inflationary pressures have boosted expectations of Federal Reserve (Fed) rate hikes later in the year.
Rabobank strategist Molly Schwartz notes that hotter US trade price data for April pushed United States (US) Treasury yields higher, with import and export prices rising at their fastest monthly pace since early 2022.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground for the fifth consecutive day and trading around 99.10 during the Asian hours on Friday.
The US Dollar Index (DXY) rises toward the 98.80 region, reaching fresh two-week highs after US Retail Sales rose 0.5% in April, highlighting resilient consumer spending despite elevated borrowing costs.
Federal Reserve (Fed) Governor Stephen Miran submitted his resignation letter from the Fed board on Thursday, effective on or shortly before Kevin Warsh is sworn in as the Fed's next chair, since there is no other open seat on the seven-member board for Warsh to fill, and Miran's term had expired in
The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, climbs to a two-week high on Thursday as traders ramp up expectations that the Federal Reserve (Fed) could keep interest rates elevated for longer following a fresh batch of strong US economic data.
Dow Jones Industrial Average (DJIA) futures traded above 50,000 in the overnight and premarket sessions on Thursday, more than reversing the modest pullback in the cash index on Wednesday.
TD Securities strategists turn less bearish on the US Dollar (USD) in the near term as the Federal Reserve (Fed) stays on hold and US data, equities and positioning support a range-bound Dollar.
Brown Brothers Harriman’s (BBH) Elias Haddad notes the Dollar index (DXY) is consolidating near its 200-day moving average and is expected to stay within the 96.00-100.00 range.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining in the positive territory for the fourth consecutive day and trading around 98.50 during the European hours on Thursday.
OCBC strategist Christopher Wong highlights that hot United States (US) Consumer Price Index (CPI) and Producer Price Index (PPI) pushed Treasury yields higher, but US Dollar Index (DXY) gains lacked strong follow-through, suggesting much inflation risk is already priced.
MUFG’s Michael Wan notes that a stronger-than-expected United States (US) April Producer Price Index (PPI) print has driven a hawkish repricing of Federal Reserve (Fed) expectations, lifting Treasury yields and supporting the US Dollar (USD).
Dow Jones futures rise 0.30% to near 49,950 during the European hours on Wednesday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 advance 0.19% to near 7,480, and the Nasdaq 100 futures gain 0.41% toward 29,600.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto gains near 98.50 during the Asian trade on Thursday.
Dow Jones Industrial Average (DJIA) futures slipped onto the back foot through European and early US hours on Wednesday, struggling to hold above 49,500 after fading from overnight highs near 49,800.
Danske Research Team highlights that United States (US) Consumer Price Index (CPI) data showed strong core and services inflation, reinforcing concerns about persistent underlying price pressures. Shelter and super-core components rose, while core goods remained flat.
Dow Jones futures move little around 49,850 during the European hours on Wednesday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 advance 0.24% to near 7,440, and the Nasdaq 100 futures rise 0.71% toward 29,400.