The US Dollar Index (DXY) held firm at the start of the week, staying above the 99.00 mark and trading near 99.40, still short of the 100.00 threshold.

Scotiabank strategists Shaun Osborne and Eric Theoret note the US Dollar (USD) is firm at the start of FOMC week as swaps now price an 85% chance of tightening on Wednesday.

The Dollar Index trades near 99.50, up 0.4% on the day, and it made the whole of that gain while America was asleep. A 5% Treasury yield sounds like the best thing that could happen to the Dollar, and New York has spent the morning selling it.

The Dow Jones Industrial Average is down around 200 points and trades just under 52,400, and the reason is less exciting than the headlines. Those are about artificial intelligence (AI) and a sell-off in chip stocks, and that story belongs to the Nasdaq Composite, down about 1%.

MUFG’s Lee Hardman notes that the US Dollar (USD) has strengthened only modestly even as markets price in a Fed rate hike at this week’s FOMC meeting.

Commerzbank’s Thu Lan Nguyen notes that stronger-than-expected core US inflation has pushed market pricing toward a near-certain Federal Reserve rate hike this week and higher odds of another move by year-end.

Dow Jones futures decline by 0.17% to trade near 52,500 during European hours on Monday. Meanwhile, S&P 500 futures fall by 0.64% to trade around 7,610, while Nasdaq 100 futures experienced a sharper drop of 1.46% to trade near 28,960.

OCBC strategist Christopher Wong notes that firmer United States (US) Consumer Price Index (CPI) and a near-90% chance of a September Fed hike have not translated into lasting Dollar strength, with US Dollar Index (DXY) stuck around 99.1.

The US Dollar (USD) starts the Federal Reserve’s (Fed) monetary policy week on a strong note, which is scheduled for Wednesday. In the European trading session, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.37% higher to near 99.46.

The US Dollar Index (DXY) reverses earlier gains on Friday as a pullback in longer-dated US Treasury yields outweighs support from the latest US Consumer Price Index (CPI) report, which strengthened expectations that the Federal Reserve (Fed) will raise interest rates next week.

The Dow Jones Industrial Average trades just beneath 52,600, roughly 510 points higher, after four sessions of losses. The inflation print was worth about 100 points at 12:30 GMT, and the rest of the advance arrived in the afternoon once the long end of the Treasury curve turned.

ING’s Francesco Pesole notes that the Dollar is benefiting as global bond yields and Oil prices rise, with the USD re-establishing a positive correlation with long-end US yields.

Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) is supported by recent risk aversion and a modestly hawkish Federal Reserve (Fed) repricing after US August Producer Price Index (PPI), but stresses that August Consumer Price Index (CPI) will be decisive for next week’s Fed meet

MUFG’s Lee Hardman highlights that the stronger United States (US) Producer Price Index (PPI) data has reinforced expectations for a Federal Reserve (Fed) rate hike, with around 18 bps now priced for next week’s FOMC meeting.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, sticks to a mildly positive bias through the early European session, though it remains confined within the previous day's broader range.

Dow Jones futures advance by 0.46% to trade near 52,350 during European hours on Friday. Meanwhile, S&P 500 futures gain by 0.44% to trade around 7,630, while Nasdaq 100 futures inch lower by 0.45% to trade near 29,260.

The US Dollar (USD) clings to its Thursday gains in early session on Friday, driven by faster-than-expected growth in the United States (US) Producer Price Index (PPI) data for August.

The US Dollar (USD) claws back its early losses and turns positive ahead of the United States (US) Producer Price Index (PPI) data for August, which will be published at 12:30 GMT.

Brown Brothers Harriman (BBH) Elias Haddad highlights that the US Dollar Index (DXY) is trading just above recent lows and below its 200-day moving average, with the upcoming United States (US) August Consumer Price Index (CPI) seen as the key driver for the Federal Reserve’s (Fed) September 16 deci

MUFG’s Lee Hardman notes that the US Dollar has softened over summer as the US Treasury’s announcement to at least double long-term bond buybacks undermined confidence while inflation risks rise.

Dow Jones futures advance by 0.36% to trade above 52,600 during European hours on Thursday. Meanwhile, S&P 500 futures gain by 0.22% to trade above 7,650, while Nasdaq 100 futures inch lower by 0.04% to trade near 29,430.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the fourth successive day and trading around 98.70 during the European hours on Thursday.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the fourth consecutive day and trading around 98.70 during Asian hours on Thursday.

The Dow Jones Industrial Average trades roughly 440 points lower and under 52,400, and its session high sits within two points of the opening print.

The US Dollar (USD) is failing to capitalise on the risk-averse market this week, as tensions in the Gulf escalate, threatening to widen into a full regional war.

DBS Group Research economist Eugene Leow argues that upcoming US CPI data will be crucial for the FOMC’s September decision on policy.

Dow Jones futures edge lower by 0.04% to trade near 52,800 during European hours on Wednesday. Meanwhile, S&P 500 futures gain by 0.07% to trade near 7,690, while Nasdaq 100 futures advance 0.22% to trade around 29,600.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts sellers for the third straight day and drops to a nearly three-week low, around the 98.70-98.65 area, during the early European session on Wednesday.

Forex markets have remained subdued since the beginning of the week, with the US Dollar (USD) holding near 99.00 as depicted by the US Dollar Index (DXY).

The Dow Jones Industrial Average trades near 52,900, roughly 190 points lower, in the first session since Friday. Crude Oil has risen for six days running and the two-year Treasury yield sits at its highest since January 2025. Neither is an equity story by itself.