The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a weaker note near 97.85 during the Asian trading hours on Wednesday.
The US Dollar (USD) is on a green note on Tuesday after recovering from Monday’s decline as investors digested the United States (US) Supreme Court ruling against President Donald Trump's tariffs and the new round of levies he announced last weekend.
The Dow Jones Industrial Average is up around 425 points, or 0.85%, reclaiming the 49,000 figure in a broad rebound from Monday's steep AI-led software selloff. The S&P 500 is gaining around 0.6% while the Nasdaq Composite is advancing roughly 0.9%, led by strength in semiconductor names.
ING’s Chris Turner notes that the broader Dollar trend is still mixed, with key inputs today including ADP jobs, consumer confidence, several Fed speakers and President Trump’s State of the Union address.
Brown Brothers Harriman’s (BBH) Elias Haddad notes the Dollar is slightly firmer, mainly due to Japanese Yen weakness, with US equities stabilizing after an AI-driven selloff.
TD Securities’ Global Strategy Team notes that markets now focused on President Trump’s State of the Union and multiple Federal Reserve speakers.
The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, is up 0.15% higher to near 97.85 in the European trading session on Tuesday.
Dow Jones futures maintain the position near 48,870 during European hours ahead of the US regular market open on Tuesday. S&P 500 and Nasdaq 100 futures remain steady near 6,850 and 24,780 at the time of writing.
BNY's John Velis notes that interest rate markets, a key driver for the US Dollar, still price roughly two Federal Reserve cuts this year despite hawkish-leaning minutes, sticky PCE inflation and weaker GDP.
Commerzbank’s Michael Pfister notes that the initial weakness of the US Dollar after the Supreme Court tariff ruling has reversed, leaving USD pairs near pre-ruling levels. He stresses that the reaction is not clear-cut, with fiscal concerns offset by swift new tariffs.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, edges higher after two days of losses and is trading around 97.80 during the Asian hours on Tuesday.
The Dow Jones Industrial Average (DJIA) fell sharply on Monday, shedding around 700 points or 1.45% as fresh tariff uncertainty weighed on sentiment. The S&P 500 slipped 0.6% while the Nasdaq Composite dropped 0.7%.
Brown Brothers Harriman’s (BBH) Elias Haddad notes the Dollar started the week softer after the US Supreme Court tariff ruling, but stresses this move is not yet decisive.
The US Dollar (USD) claws back half of its early losses after gaining a temporary ground near 97.40 during the European trading session on Monday. During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.2% lower to near 97.60.
Dow Jones futures fall 0.43% to around 49,450 during European hours ahead of the US regular market open on Monday. S&P 500 and Nasdaq 100 futures decline 0.58% and 0.74%, respectively, trading near 6,880 and 24,880 at the time of writing.
ING’s Chris Turner notes the Dollar is starting the week softer as investors reassess US trade policy and geopolitical risks involving Iran. He highlights the shift to a 15% Section 122 import surcharge and potential synchronized weakness in Treasuries, equities and the Dollar.
Commerzbank’s Thu Lan Nguyen notes that recent US Supreme Court rulings have thrown US tariff policy into disarray, with President Trump responding by announcing and then raising a new global tariff.
UOB Global Economics & Markets Research notes that the US Dollar weakened after the Supreme Court ruled President Trump had exceeded his authority on earlier global tariffs, even as new 15% tariffs were announced under a different law.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, extends its losses for the second successive session, trading around 97.50 during the Asian hours on Monday.
The US Dollar (USD) held firm on Friday after the release of top-tier data, but the US Dollar Index (DXY) posted an acceptable weekly gain of almost 1%.
The US Dollar Index (DXY) tumbled on Friday, shedding early-session gains and dropping below 97.75 after the US Supreme Court struck down President Trump's sweeping IEEPA tariffs in a 6-3 ruling.
The Dow Jones Industrial Average (DJIA) reversed early-session losses on Friday after the US Supreme Court struck down President Trump's sweeping tariffs in a landmark 6-3 decision.
The US Supreme Court (SC) issued a ruling on Friday morning, declaring President Donald Trump's sweeping application of an archaic trade law to impose tariffs using stretched "national security" claims was broadly unlawful.
Rabobank’s Jane Foley argues that the Dollar is unlikely to follow a straight path of weakness. She expects EUR/USD to trade in choppy ranges in coming months, with geopolitical de-dollarisation pressures not seen as materially impacting USD exchange rates for now.
The US Dollar (USD) shows strength during the early European trading session on Friday, with the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trading firmly near an almost four-week high of 98.00 posted the previous day.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a stronger note near 98.00 during the Asian trading hours on Friday. Traders brace for the key US economic data later on Friday for more clues on the interest rate pa
The Dow Jones Industrial Average (DJIA) slid nearly 300 points, or 0.59%, pulling back to 49,351 on Thursday as a confluence of geopolitical risk, hawkish Federal Reserve (Fed) signaling, and disappointing corporate guidance weighed on sentiment.
BNY’s Head of Markets Macro Strategy Bob Savage notes that historical positive correlation between Oil and the Dollar is weakening even as Brent trades above $70 and WTI tests $68. Despite a sharp Oil rally since December, iFlow data show mixed USD flows with net Dollar selling.
Dow Jones futures edge higher 0.06% to around 49,750 during European hours on Thursday. S&P 500 and Nasdaq 100 futures gain 0.22% and 0.34%, respectively, trading near 6,910 and 25,000 at the time of writing.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, remains steady after gaining more than 0.5% in the previous session, hovering around 97.70 during the European hours on Thursday.