US Dollar Index bias held neutral on August 29, 2026
The US Dollar Index is being supported by hawkish comments from Federal Reserve Chair Kevin Warsh, who indicated that inflation progress is insufficient and hinted at possible rate hikes. These remarks have boosted bond yields, with the dollar benefiting from both increased rate-hike expectations and diminished concerns about currency debasement. Consequently, the greenback has strengthened across the board, weighing on gold, stocks, and cryptocurrencies.
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 29
Carried over from earlier days
- Sticky Core PCE and Steady GDP Keep Fed Tightening Hopes Alivebabypips.com
- US Dollar Edges HigherInvesting.com
- 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
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Saturday, August 29 | ||
| G20 Meetings | All | |
| Jackson Hole Symposium | All | |
| Sunday, August 30 | ||
| Retail Sales y/y | 3.2% | JPY |
| Prelim Industrial Production m/m | -0.7% | JPY |
| G20 Meetings | All | |
| Monday, August 31 | ||
| ANZ Business Confidence | NZD | |
| MI Inflation Gauge m/m | AUD | |
| Non-Manufacturing PMI | 49.5 | CNY |