ING’s Chris Turner sees the US Dollar (USD) underpinned by hawkish Federal Reserve repricing and a risk-off tone in equities ahead of key United States (US) Consumer Price Index (CPI) and Producer Price Index (PPI) data.

Societe Generale’s Kit Juckes notes that recent US labour data have broken the prior FX range, challenging expectations for a weaker Dollar under President Trump.

HSBC’s FX Viewpoint highlights that the US Dollar sits at a crossroads, driven by Middle East tensions, US trade policy shifts and the upcoming June Federal Open Market Committee (FOMC) under new Fed Chair Kevin Warsh.

Rabobank strategists Molly Schwartz and Jane Foley highlight that USD net long futures positioning has more than quadrupled, reflecting resilient support for the Dollar.

Dow Jones futures decline 0.33% to near 50,750 during the European hours on Monday, ahead of the US regular opening. However, S&P 500 futures gain 0.10% to near 7,410 and Nasdaq 100 futures rise 0.35%, trading near 29,130 at the time of writing.

DBS Group Research’s Philip Wee argues that strong US nonfarm payrolls and a projected jump in May CPI to 4.2% YoY should keep the Dollar supported into the June FOMC.

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 100.10 during the Asian trading hours on Monday.

The market walked into Friday's payrolls report braced for weakness, and the US Dollar Index (DXY) made it pay. Consensus looked for a soft 85K of new jobs in May, the kind of number that fits a cooling labor market and a Federal Reserve (Fed) edging toward cuts.

There is an old reflex in equity markets that never quite dies: when the economy looks too strong, stocks get nervous. Friday brought it straight back.

Deutsche Bank strategists note that easing inflation fears and softer US data have led markets to scale back expectations for additional Federal Reserve tightening in 2026. The Dollar Index (DXY) is slightly lower, with jobless claims at a three‑month high and Treasury yields falling.

MUFG’s Derek Halpenny notes the US Dollar (USD) is trading near the top of its recent range as markets await key United States (US) labour data, with EUR/USD seen vulnerable to a stronger Nonfarm Payrolls (NFP) report.

ING’s Francesco Pesole highlights that limited upside volatility in Oil, despite stalled US-Iran talks, is capping further Dollar gains even as the macro backdrop improves and Fed expectations turn more hawkish.

The US Dollar (USD) trades lower against its major currency peers during the European trading session on Friday.

Deutsche Bank analysts describe a mixed backdrop for US equities, with the S&P 500 rebounding on broad participation even as chipmakers lag after Broadcom’s disappointing AI guidance.

Dow Jones futures inch lower 0.04% to near 51,650, while S&P 500 futures fall 0.64% to near 7,550. And Nasdaq 100 futures plunge 1.23%, trading near 30,110 during the European hours on Friday, ahead of the US regular opening.

Commerzbank’s Michael Pfister argues that a stronger United States (US) labour market only matters for the US Dollar (USD) if it shifts rate-hike expectations.

The US Dollar (USD) struggles for a direction as investors await the United States (US) Nonfarm Payrolls (NFP) data for May, which will be published at 12:30 GMT.

The US Dollar Index (DXY) fell toward 99.18 early Thursday before steadily climbing during the North American session to 99.45 as investors digested comments from a series of Federal Reserve (Fed) officials ahead of the highly anticipated Nonfarm Payrolls report on Friday.

The Dow Jones Industrial Average (DJIA) tore to a record on Thursday, adding 865 points, or 1.7%, to settle above 51,000 and print an intraday high near 51,300. The split tape underneath told the real story.

Deutsche Bank strategists note that rising US yields and stronger data have pushed market pricing for a Fed rate hike by December to 81%, helping support the Dollar Index.

TD Securities’ Global Strategy Team highlights that stronger ISM services data and higher US rates are shaping the backdrop for the US Dollar. The report notes that ISM services rose above expectations, driven by new orders and business activity, while employment stayed in contraction.

Brown Brothers Harriman’s (BBH) Elias Haddad notes the US labor market is stabilizing and inflation is gaining traction, with ISM surveys and the Fed Beige Book reinforcing this view.

Dow Jones futures advance 0.22% above 50,900, while S&P 500 futures fall 0.28% to near 7,550. And Nasdaq 100 futures plunge 0.5%, trading near 30,480 during the European hours on Thursday, ahead of the US regular opening.

BNY’s Geoff Yu notes that the US Dollar has strengthened more against a North Asia import-weighted basket than against traditional currencies, raising concerns for US inflation. He highlights that CNY, JPY, TWD and KRW have lagged fundamentals despite large trade surpluses with the U.S.

Deutsche Bank’s Early Morning Reid note reports that US equities have broken a nine-day winning streak as higher Oil prices, hawkish Fed pricing and negative AI news hit risk sentiment.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to find acceptance above the 99.50 supply zone and retreats slightly from a nearly two-month high, touched earlier this Thursday.

MUFG’s Lloyd Chan notes that Brent Oil prices remain elevated as US–Iran tensions persist, helping to support the US Dollar. Strong US data, including ADP employment and ISM services, reinforce expectations of a “higher for longer” Fed stance.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining subdued after three successive days of gains and trading around 99.50 during the Asian hours on Thursday.

Sky News Arabia, citing a Lebanese source, commented on the lack of progress in the current round of negotiations between the two sides in Washington.

The US Dollar (USD) maintains its positive performance for the third consecutive day on Wednesday, this time lifting the US Dollar Index (DXY) to the vicinity of two-month highs near 99.50 and opening the door to a potential test of the psychological 100.00 hurdle in the relatively short term.