US Dollar Index bias flipped 25 times to neutral on August 7, 2026
The US Dollar Index is under pressure after March non-farm payrolls unexpectedly contracted, which dampened expectations for further Fed rate hikes and lifted gold and other currencies. However, hawkish commentary from several Fed officials emphasizing persistent inflation and support for rate increases may have limited the dollar's decline. The mixed signals leave the dollar sensitive to upcoming economic data and central bank communication.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 25 times 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
- 02:31Bullish
- 03:04Bearish
- 03:32Bullish
- 04:16Neutral
- 11:01Weak bearish
- 11:09Weak bullish
- 11:21Neutral
- 11:41Bearish
- 11:53Neutral
- 12:45Bearish
- 13:30Neutral
- 13:38Bearish
- 13:42Neutral
- 15:18Bearish
- 15:30Neutral
- 15:42Weak bullish
- 16:26Neutral
- 18:55Weak bearish
- 19:11Neutral
- 19:27Bearish
- 19:35Neutral
- 19:51Weak bullish
- 20:15Bullish
- 20:23Bearish
- 23:48Neutral
Headlines (13)
First seen on August 7
- US Non-Farm Payrolls Contract -23k. Revisions Expose Deeper Labor Market WeaknessActionForex
- Euro surges as shocking US NFP reverses Fed September hike expectationsFXStreet
- Gold Gains as Dovish Fed Expectations Pressure DXY and Treasury YieldsInvesting.com
- Australian Dollar climbs near two-month highs as NFP turns negativeFXStreet
Carried over from earlier days
- US Dollar Index Price Forecast: Bears eye two-month lows around 99.40FXStreet
- United States Dollar Index trades subduedly below 100.00 ahead of US dataFXStreet
- Scotiabank's chart book quietly makes the case that the AI trade has changedInvestingLive
- Forex Today: Gold surges above $4,240 as US labor data crumblesFXStreet
- Fed Chair Kevin Warsh Prepared to Raise Interest Rates in Septemberwatcher.guru
- Australian Dollar holds as Oil rally offers no helpFXStreet
- Forex Today: US Dollar firms ahead of Nonfarm Payrolls as Hormuz risk returnsFXStreet
- Fed’s Musalem backs rate hikes, says inflation remains too highFXStreet
- More from a hawkish , says gradual hikes beat abrupt moves as inflation risk buildsInvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, August 7 | ||
| Trade Balance | 735B | CNY |
| USD-Denominated Trade Balance | 108.6B | CNY |
| Leading Indicators | 116.5% | JPY |
| German Industrial Production m/m | 0.2% | EUR |
| German Trade Balance | 17.2B | EUR |
| Lloyds HPI m/m | 0.2% | GBP |
| French Trade Balance | -6.5B | EUR |
| SECO Consumer Climate | -34 | CHF |