The Dow Jones Industrial Average spent Tuesday arriving late to a party the rest of the market had already begun to leave.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding gains after two successive flat days and trading around 100.90 during the European hours on Tuesday.
Dow Jones futures gain as investors pull profits from volatile tech stocks and rotate capital into safer assets.
DBS Group Research’s FX Risk Score note by Chua Han Teng and Daisy Sharma highlights that FX risk has risen modestly in May and June but remains below prior Middle East conflict highs.
National Bank of Canada ’s (NBC) Stéfane Marion and Kyle Dahms note the US Dollar (USD) is trading near its 2026 high as sticky United States (US) inflation and wider rate differentials underpin the currency.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles for a firm near-term direction and extends its consolidative price moves for the third straight day on Tuesday.
The US Dollar Index (DXY) trims its gains on Monday after opening the week on a firmer note, as traders await greater clarity on the Federal Reserve's (Fed) interest rate path before placing fresh directional bets.
The Dow Jones Industrial Average (DJIA) finally crossed 53,000 on Monday, spiking to a record just above the handle in the opening minutes and holding it for roughly the length of the ceremony that produced it.
Societe Generale strategists Kit Juckes and Olivier Korber argue that Dollar strength remains underpinned by robust US growth, sticky inflation and a favourable terms of trade shock versus Europe and Asia.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, regains positive traction at the start of a new week and, for now, seems to have snapped a two-day losing streak.
The Dow Jones futures gain 0.18% to trade above 53,280, while S&P 500 futures rise 0.46%, trading near 7,560. Meanwhile, Nasdaq 100 futures advance 1.03% to trade near 29,860 during European trading hours on Monday.
BNY’s Geoff Yu highlights that softer U.S. labor data and easing inflation have reduced pressure for further Federal Reserve (Fed) tightening, but upcoming US Services Purchasing Managers' Index (PMI) and ISM Services will be crucial for rate expectations.
ING’s Chris Turner notes the Dollar (USD) has held up after soft June jobs data, with G7 FX volatility low and carry trades attractive as one-week Dollar deposit rates sit in the upper G10 range.
The upcoming week will bring a fresh test for major currency pairs as investors return from the US Independence Day holiday and continue to digest weaker US labor market data.
The US Dollar underperforms its major currency peers as traders reconsider hawkish Federal Reserve (Fed) interest rate expectations, following the release of the weak United States (US) Nonfarm Payrolls (NFP) data for June on Thursday.
MUFG’s Derek Halpenny argues that softer US labour data should push markets to reprice Federal Reserve policy, shifting from rate hikes toward a greater risk of cuts. He highlights weaker nonfarm payroll trends, deteriorating sentiment indicators and receding inflation risks.
ING’s Francesco Pesole notes that softer US jobs data has weakened the Dollar but does not expect this alone to extend USD losses. He argues the report curbs hopes for two Federal Reserve hikes but is not weak enough for a major dovish repricing.
The Dow Jones futures gain 0.24% to trade above 53,300, while S&P 500 futures rise 0.46%, trading near 7,560. Meanwhile, Nasdaq 100 futures advance 1.0% to trade near 29,850 during European trading hours on Friday.
The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, is marginally down to near 100.80 during the Asian trading session on Friday.
The US Dollar Index (DXY) trades under pressure on Thursday as weaker-than-expected US Nonfarm Payrolls (NFP) data dent expectations of a near-term Federal Reserve (Fed) rate hike.
A June jobs report that undershot expectations by nearly half sent the Dow Jones Industrial Average (DJIA) to a fresh intraday record on Thursday, which reads like a contradiction until you look at what actually moved.
MUFG’s Michael Wan notes the US Dollar strengthened as lower Eurozone CPI, comments from Kevin Warsh, and anticipation of US Non-Farm Payrolls supported the currency.
The US Dollar (USD) underperforms its major currency peers ahead of the United States (US) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.
ING’s Chris Turner notes that the Dollar sell-off after Kevin Warsh’s Sintra appearance has already been retraced, with markets concluding the new Fed Chair is comfortable letting data drive expectations.
Commerzbank’s Volkmar Baur notes that the US Nonfarm Payrolls release is unlikely to have the market impact it once did, even as recent JOLTS data point to improving hiring and fewer layoffs.
MUFG’s Lee Hardman notes Fed Chair Warsh struck a less hawkish tone, with inflation expectations and risks having come down, and policy assumptions now based on no further Fed hikes.
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 101.20 in the early European trading hours on Thursday.
The US Dollar (USD) reflects a subdued performance in the countdown to the United States (US) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.
The US Dollar Index (DXY) held near the 101.40 area, supported by resilient manufacturing activity and elevated long-term Treasury yields. The US ISM Manufacturing PMI slipped to 53.3 in June from 54.0 in May, missing expectations but staying above the 50.0 expansion line.
The US Dollar Index (DXY) holds firm on Wednesday as traders digest weaker-than-expected US economic data and remarks from Federal Reserve (Fed) Chair Kevin Warsh.