US Dollar Index news for August 2, 2026

The US Dollar Index is facing headwinds from reported official intervention, despite supportive macro factors and rising US Treasury yields that have pressured gold. A bond sell-off has also raised concerns about the Federal Reserve's credibility, while CFTC data points to extreme bearish positioning in FX markets, adding to the uncertainty around the dollar's trajectory.

Updated 18:50 UTC

How the day unfolded

1. 09:01 UTC

   The US Dollar Index is recovering, with the euro slipping back below 1.1500, as US yields surge. However, the rally faces headwinds, as highlighted by CFTC data showing bearish FX extremes and reports of intervention despite bullish macro factors. These conflicting signals suggest uncertainty in the dollar's recent strength.

2. 15:01 UTC

   The US Dollar Index has been pressured by intervention-related flows even as rising Treasury yields and broader macro factors lend support. A top central bank official warned that the bond sell-off raises questions about the Fed's credibility, while Richmond Fed President Barkin called the rate decision a close call, underscoring uncertainty about the policy path. These developments highlight conflicting forces currently influencing the dollar.

Headlines (19)

• United States Dollar Index bounces off its lowest level since June 17, back above 100.00
  www.fxstreet.com · Jul 31, 01:34 UTC
• Indian Rupee hits fresh two-week high against US Dollar
  www.fxstreet.com · Jul 31, 05:44 UTC
• US Dollar Index Price Forecast: Exposes to 99.00 on Double Top breakdown
  www.fxstreet.com · Jul 31, 06:54 UTC
• Experts agree: The US Dollar rally might have found serious headwinds
  www.fxstreet.com · Jul 31, 10:25 UTC
• Lisa D Cook: Economic outlook
  www.bis.org · Jul 31, 12:55 UTC
• Euro slips back below 1.1500 as US Dollar recovers
  www.fxstreet.com · Jul 31, 13:09 UTC
• Federal Reserve Board requests comment on a proposal to modernize its rule governing the extension of credit to bank "insiders"—bank executives, board members and major shareholders who could potentially influence a bank's lending decisions
  www.federalreserve.gov · Jul 31, 14:00 UTC
• Statement from Dallas Fed President Lorie Logan on FOMC dissent
  www.dallasfed.org · Jul 31, 14:09 UTC
• Richmond Fed President Tom Barkin said it is “a close call” whether the central bank’s interest-rate setting is high enough to bring inflation down
  www.wsj.com · Jul 31, 16:52 UTC
• Gold slides as US yields surge, keeping $4,100 out of reach
  www.fxstreet.com · Jul 31, 19:45 UTC
• Pakistan aims to double US trade to $20 billion in five years
  www.jpost.com · Jul 31, 21:14 UTC
• Bond sell-off sent warning on Fed’s credibility, says top central bank official
  www.ft.com · Jul 31, 23:21 UTC
• Bank of Japan leaves rates at 1.00% with no surprises
  think.ing.com · Aug 1, 00:02 UTC
• The Weekly Bottom Line: Markets Issue a Yellow Card to the Fed
  www.actionforex.com · Aug 1, 02:19 UTC
• Dollar Hit by Intervention Despite Bullish Macro Factors. Correction or Reversal?
  www.actionforex.com · Aug 1, 12:53 UTC
• CFTC Report: Bearish FX extremes deepen as cross-asset signals diverge
  www.fxstreet.com · Aug 1, 14:57 UTC
• The Bank of England Is Moving Away From Coal
  oilprice.com · Aug 1, 15:02 UTC
• If the Fed trusts this single 2.2% metric, Bitcoin could break $65.3k and ignite a path to $68k
  cryptoslate.com · Aug 1, 17:22 UTC
• Treasury sell-off shows Fed must reinforce inflation credibility, Musalem says
  www.hellenicshippingnews.com · 17:59 UTC

Scheduled events

As of 21:50 UTC

• 2026-08-02 — Bank Holiday · AUD
• 2026-08-02 — Building Consents m/m · NZD
• 2026-08-03 — Final Manufacturing PMI · forecast 54.7 · JPY
• 2026-08-03 — MI Inflation Gauge m/m · AUD
• 2026-08-03 — RatingDog Manufacturing PMI · forecast 51.9 · CNY
• 2026-08-03 — German Retail Sales m/m · forecast -0.4% · EUR
• 2026-08-03 — CPI m/m · forecast -0.1% · CHF
• 2026-08-03 — Spanish Manufacturing PMI · forecast 50.5 · EUR