US Dollar Index bias held neutral on August 8, 2026
The US Dollar Index is under pressure after a surprise contraction in US non-farm payrolls and downward revisions to prior data cast doubt on Federal Reserve rate-hike expectations. This weak labor market data has fueled dovish Fed bets, weighing on Treasury yields and the dollar, even as some Fed officials maintain that inflation remains a concern.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It held all 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
Headlines (10)
First seen on August 8
- Surprise US job weakness casts serious doubt on Fed rate hikesING Think
- Weak NFP Flips Fed Bets, but Oil Keeps Markets Trapped in Tug-of-WarActionForex
Carried over from earlier days
- Fed Chair Kevin Warsh Prepared to Raise Interest Rates in Septemberwatcher.guru
- 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
- 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
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Saturday, August 8 | ||
| FOMC Member Bowman Speaks | USD | |
| Sunday, August 9 | ||
| CPI y/y | 0.8% | CNY |
| PPI y/y | 3.9% | CNY |
| Current Account | 2.50T | JPY |
| Bank Lending y/y | 5.7% | JPY |
| BOJ Summary of Opinions | JPY | |
| Prelim Machine Tool Orders y/y | JPY | |
| Monday, August 10 | ||
| Economy Watchers Sentiment | 44.6 | JPY |