The Dow Jones Industrial Average (DJIA) took another header on Thursday, tumbling 650 points and following the rest of the market lower as investors rotate firmly into a flight for safety.

Dow Jones futures slip 0.05% to around 49,560 during Thursday’s European session ahead of the US regular opening as investors rotated out of technology and into more reasonably valued sectors. The Dow Jones index gained 0.67% on Wednesday's regular hours.

Deutsche Bank analysts highlight that the ISM services index rose to 53.8, its highest since late 2024, while the prices paid component climbed to 66.6, a strong leading indicator for US inflation.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, gains ground for the second successive session and is trading around 97.80 during the Asian hours on Thursday.

The Dow Jones Industrial Average (DJIA) climbed about 600 points, or 0.6%, and tapped the 49,600 region on Wednesday, gaining ground on the back of climbing pharmaceutical stocks.

The report from Brown Brothers Harriman (BBH) indicates that the USD is trading firmly against most major currencies, with Treasury yields ticking up. In the near term, the USD has room to retrace some of its recent losses as the Fed is not in a rush to ease policy.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, moves sideways after registering modest losses in the previous session and is trading around 97.40 during the European hours on Wednesday.

Rabobank's RaboResearch Team discusses the implications of Warsh's nomination as Fed Chair and the market's expectations regarding interest rate cuts. The report highlights that investors are pricing in less than two cuts by the end of 2026, with no full cut expected until July.

US President Trump signed a bill ending the government shutdown, a situation that has become so commonplace that markets barely registered it.

• Walmart becomes the first retailer to reach $1 trillion market capitalization, joining an elite club dominated by tech giants.

Deutsche Bank's Macro Strategy report highlights a positive outlook for the Dollar following strong economic data. The report notes that the ISM manufacturing index unexpectedly surged, contributing to rising optimism for 2026.

The US Dollar (USD) has rebounded at the start of the week, bolstered by President Trump's nomination of Kevin Warsh for Fed Chair and positive economic indicators.

The US Dollar Index (DXY) is trimming gains on Tuesday, trading at 97.45 at the time of writing after failing to extend gains past a previous support level, now turned resistance, at the 97.75 area.

Dow Jones futures rose 0.12% to around 49,580 in the European session on Tuesday, while S&P 500 and Nasdaq 100 futures climbed 0.27% and 0.57% to near 7,020 and 26,000, respectively. Investors now look ahead to a busy earnings slate later in the day, including results from AMD, Pfizer, and Chipotle.

Deutsche Bank's Macro Strategy report highlights a positive outlook for the Dollar following strong economic data. The report notes that the ISM manufacturing index unexpectedly surged, contributing to rising optimism for 2026.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is edging lower after two days of gains and trading near 97.50 during the Asian hours on Tuesday.

• The Dow Jones gained nearly 400 points on Monday as factory activity expanded for the first time in over a year.

The US Dollar showed strength against all G10 currencies following President Trump's nomination of Kevin Warsh as the next Fed Chair. This nomination is perceived as a move that may enhance central bank independence and ease concerns over the Dollar's depreciation.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after registering more than 1% gains in the previous session and trading near 97.20 during the Asian hours on Tuesday.

The United States (US) Federal Reserve (Fed) had a busy week. On Monday, the Fed asked local New York banks about their positions in USD/JPY, fueling speculation that the US may be preparing to work with Japan on the Japanes Yen's (JPY) weakness.

The Dow Jones Industrial Average (DJIA) declined sharply on Friday after President Donald Trump announced his nomination of former Fed Governor Kevin Warsh to succeed Jerome Powell as Federal Reserve (Fed) Chair.

The UBS Weekly Blog by Paul Donovan discusses the rapid decline of the US Dollar this year. It highlights that while a weaker currency typically correlates with higher inflation, modern trading behaviors have diminished this narrative.

Brown Brothers Harriman (BBH) reports that the Dollar has recovered within its multi-month range. Analysts expect the Dollar to hold within this range due to the Fed's cautious approach to monetary policy.

The Dollar is poised for a potential recovery following the expected nomination of Kevin Warsh as the new Federal Reserve Chair. This development is seen as a positive sign for the Dollar, which has been seeking a catalyst for recovery.

Financial markets were choppy on Thursday, with significant volatility during US trading hours. In the absence of other news, the focus was on United States (US) President Donald Trump, who said on Truth Social that the Federal Reserve (Fed) should substantially lower interest rates: “now!

US equities faced renewed pressure on Thursday as megacap technology earnings and the Federal Reserve’s (Fed) tepid showing this week weighed on sentiment.

The US Dollar has not been able to strengthen further following the FOMC meeting, where the fed funds rate was kept unchanged. The meeting highlighted a change in the labor market description, indicating signs of stabilization.

The US Dollar strengthened overnight, holding above key support levels, particularly against the Japanese Yen. However, the report from MUFG highlights that the US Dollar may remain vulnerable amid policy risks.

The US Dollar's response to the recent Fed meeting was muted, with EUR/USD approaching 1.20.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, meets with a fresh supply during the Asian session on Thursday and erodes a part of the previous day's modest recovery gains.