US Dollar Index bias turned weak bullish on August 2, 2026
The US Dollar Index is facing headwinds from reported official intervention, despite supportive macro factors and rising US Treasury yields that have pressured gold. A bond sell-off has also raised concerns about the Federal Reserve's credibility, while CFTC data points to extreme bearish positioning in FX markets, adding to the uncertainty around the dollar's trajectory.
Updated
The reading that day
Weak bullishAt the close of the UTC day.
BearishNeutralBullish
It changed once during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
- 17:59Weak bullish
Headlines (19)
First seen on August 2
- Treasury sell-off shows Fed must reinforce inflation credibility, Musalem saysHellenic Shipping News
Carried over from earlier days
- United States Dollar Index bounces off its lowest level since June 17, back above 100.00FXStreet
- Indian Rupee hits fresh two-week high against US DollarFXStreet
- US Dollar Index Price Forecast: Exposes to 99.00 on Double Top breakdownFXStreet
- Experts agree: The US Dollar rally might have found serious headwindsFXStreet
- Lisa D Cook: Economic outlookbis.org
- Euro slips back below 1.1500 as US Dollar recoversFXStreet
- Federal Reserve Board requests comment on a proposal to modernize its rule governing the extension of credit to bank "insiders"—bank executives, board members and major shareholders who could potentially influence a bank's lending decisionsfederalreserve.gov
- Statement from Dallas Fed President Lorie Logan on FOMC dissentdallasfed.org
- Richmond Fed President Tom Barkin said it is “a close call” whether the central bank’s interest-rate setting is high enough to bring inflation downThe Wall Street Journal
- Gold slides as US yields surge, keeping $4,100 out of reachFXStreet
- Pakistan aims to double US trade to $20 billion in five yearsjpost.com
- Bond sell-off sent warning on Fed’s credibility, says top central bank officialFinancial Times
- Bank of Japan leaves rates at 1.00% with no surprisesING Think
- The Weekly Bottom Line: Markets Issue a Yellow Card to the FedActionForex
- Dollar Hit by Intervention Despite Bullish Macro Factors. Correction or Reversal?ActionForex
- CFTC Report: Bearish FX extremes deepen as cross-asset signals divergeFXStreet
- The Bank of England Is Moving Away From CoalOilPrice.com
- If the Fed trusts this single 2.2% metric, Bitcoin could break $65.3k and ignite a path to $68kCryptoSlate
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, August 2 | ||
| Bank Holiday | AUD | |
| Building Consents m/m | NZD | |
| Monday, August 3 | ||
| Final Manufacturing PMI | 54.7 | JPY |
| MI Inflation Gauge m/m | AUD | |
| RatingDog Manufacturing PMI | 51.9 | CNY |
| German Retail Sales m/m | -0.4% | EUR |
| CPI m/m | -0.1% | CHF |
| Spanish Manufacturing PMI | 50.5 | EUR |