US Dollar Index bias held neutral on August 9, 2026
Weak US jobs data has cast doubt on Federal Reserve rate hike expectations, prompting a shift in market bets that is pressuring the dollar. While oil prices continue to create a tug-of-war in broader markets, the focus is now on upcoming inflation data to confirm whether the Fed will pause. This softer labor market backdrop is seen as a tougher period for the dollar.
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 (19)
First seen on August 9
- Will US inflation be cool enough to trim bets on a September rate rise?Financial Times
- Here are the 2 big things we're watching in the stock market in the week aheadCNBC
Carried over from earlier days
- US Helps Prop Up Yen, but Japan Demands Trump Drop the Pokémon MemesBeInCrypto
- US Non-Farm Payrolls Contract -23k. Revisions Expose Deeper Labor Market WeaknessActionForex
- Euro surges as shocking US NFP reverses Fed September hike expectationsFXStreet
- US: Payrolls Disappoint in July, But the Unemployment Rate Falls to 4.1%ActionForex
- Gold Gains as Dovish Fed Expectations Pressure DXY and Treasury YieldsInvesting.com
- Odds the Fed will hike in September tumble following big July jobs missCNBC
- Australian Dollar climbs near two-month highs as NFP turns negativeFXStreet
- Week Ahead for FX, Bonds: U.S. Inflation Data in FocusThe Wall Street Journal
- Markets Question Fed's Inflation Resolve After July FOMC MeetingGold Eagle
- US Treasury yields drop on soft NFP, Hormuz hopes ease Fed risksFXStreet
- Bessent's 'Yentervention' Does Not Fix Japan's Underlying Structural IssuesZeroHedge
- Dollar faces a tougher period as Fed expectations may shiftmarketpulse.com
- Surprise US job weakness casts serious doubt on Fed rate hikesING Think
- Rates Spark: More guidance from jobs data than the FedING Think
- The US bares its financial weak spotFinancial Times
- Weak NFP Flips Fed Bets, but Oil Keeps Markets Trapped in Tug-of-WarActionForex
- Week Ahead: Soft CPI to Follow Disappointing US Jobs Reportmarctomarket.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, August 9 | ||
| PPI y/y | 3.9% | CNY |
| CPI y/y | 0.8% | CNY |
| Bank Lending y/y | 5.7% | JPY |
| BOJ Summary of Opinions | JPY | |
| Current Account | 2.50T | JPY |
| Prelim Machine Tool Orders y/y | JPY | |
| Monday, August 10 | ||
| Economy Watchers Sentiment | 44.6 | JPY |
| Sentix Investor Confidence | -0.7 | EUR |