US Dollar Index bias flipped 9 times to neutral on August 28, 2026
The US Dollar Index is being supported by a hawkish Federal Reserve stance, as Fed Chair Kevin Warsh warns that inflation progress is insufficient and hints at potential rate hikes. This follows sticky core PCE data and steady GDP, which have kept tightening hopes alive. The resulting rise in bond yields and dollar strength is pressuring stocks and gold, underscoring the greenback's current momentum.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 9 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
- 17:26Bullish
- 18:01Neutral
- 18:45Bearish
- 19:04Neutral
- 19:20Bullish
- 20:19Neutral
- 20:44Bullish
- 21:00Bearish
- 21:16Neutral
Headlines (16)
First seen on August 28
- FX Daily: Keeping an eye on the long endING Think
- US stocks reverse and fall to the lows of the day as the hawkish message registersInvestingLive
- Gold price drops as Warsh warns Fed still has ‘work to do’ on inflationMining.com
- US Fed chair warns inflation progress insufficient, hints at rate hikesAl Jazeera
- Fed Chair Kevin Warsh triggers a $488 million crypto liquidation cascade as rate-hike expectations riseCryptoSlate
- investingLive Americas FX news wrap 28 AugInvestingLive
- U.S. Stocks Fall After Warsh Speech Boosts Bond YieldsThe Wall Street Journal
Carried over from earlier days
- Preview, today: Fed's favoured inflation gauge lands two days before Warsh's Jackson Hole speechInvestingLive
- Slightly hotter than expected PCE inflation keeps Fed’s September rate rise in playFinancial Times
- Forex Today: US Dollar firms ahead of Jackson HoleFXStreet
- Japanese Yen reverses earlier gains as US Dollar firms after PCE dataFXStreet
- The Dollar Index is climbing out of a fiscal holeFXStreet
- UBS backs de-dollarization trend, lifts gold target to $5,400 an ounceInvestingLive
- Sticky Core PCE and Steady GDP Keep Fed Tightening Hopes Alivebabypips.com
- US Dollar Edges HigherInvesting.com
- Euro trims intraday losses as traders weigh Fed-ECB interest rate outlooksFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, August 28 | ||
| German Import Prices m/m | 0.3% | EUR |
| Retail Sales y/y | CHF | |
| French Consumer Spending m/m | 0.1% | EUR |
| French Prelim CPI m/m | 0.7% | EUR |
| French Prelim GDP q/q | 0.2% | EUR |
| French Final Private Payrolls q/q | -0.1% | EUR |
| KOF Economic Barometer | 103.0 | CHF |
| Spanish Flash CPI y/y | 4.2% | EUR |