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.

BNY’s Bob Savage reports that the Dollar Index is firmer as higher U.S. yields and renewed geopolitical tensions underpin safe-haven demand. President Trump’s proposal for broad new tariffs raises trade and inflation risks, reinforcing USD support.

Brown Brothers Harriman’s (BBH) Elias Haddad notes that renewed US–Iran tensions have lifted the Dollar, Oil and global bond yields, with a restrictive Federal Reserve (Fed) backdrop seen as supportive for further Dollar strength.

TD Securities strategists highlight upcoming US data, expecting the ISM Services Index to rise, supported by new orders and supply chain issues linked to the Iran conflict.

Dow Jones futures decline 0.55% below 49,350, while S&P 500 futures lose 0.09% to near 7,620. Meanwhile, Nasdaq 100 futures inch lower 0.01%, trading near 30,700 during the European hours on Wednesday, ahead of the US regular opening.

MUFG’s Michael Wan highlights that stronger-than-expected US labour data have pushed US yields higher and supported the Dollar.

Deutsche Bank analysts highlight that the S&P 500 has just managed a ninth consecutive daily gain, taking it to fresh record highs, even with rising Oil prices. The index is close to matching or surpassing historic streaks on daily, weekly and monthly horizons.

The safe-haven US Dollar (USD) is showing strength on Wednesday as tensions in the Middle East escalate, casting doubt on the fate of a stalled peace process.

The US Dollar (USD) trades quietly in the Asian trading session on Wednesday, even as uncertainty surrounding the United States (US)-Iran deal has escalated, following the exchange of attacks between the two.

US President Donald Trump signed an executive order on Tuesday aimed at giving the government early access to powerful new artificial intelligence (AI) models. Under the proposal, AI developers would voluntarily submit new models for government cybersecurity testing before their public release.

The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, rebounds on Tuesday as mixed signals surrounding US-Iran negotiations help the index recover earlier intraday losses.

Dow Jones Industrial Average (DJIA) futures spent the overnight session doing their best impression of a market that has decided geopolitics no longer matter.

Brown Brothers Harriman’s Elias Haddad notes that the May ISM manufacturing index points to a more restrictive Federal Reserve (Fed) stance and a firmer US Dollar (USD), with the headline index rising to a four-year high.