US Dollar Index news for August 3, 2026

The US Dollar Index is being driven by competing forces: hawkish Federal Reserve expectations and rate hike speculation, as cited by ING and JPMorgan, are providing support, while President Trump's announcement of new Iran talks has weakened the dollar as a safe haven, pulling it below 100.00. Falling oil prices and easing Treasury yields from recent highs are also influencing the currency's moves.

Updated 17:57 UTC

How the day unfolded

1. 02:20 UTC

   The US dollar is facing headwinds from official intervention, according to analysts noting the move despite bullish macroeconomic fundamentals. At the same time, positioning data shows bearish extremes are deepening, while a Treasury sell-off has prompted a Fed official to stress the need to reinforce inflation credibility. These factors are collectively weighing on the dollar index.

2. 05:40 UTC

   The US Dollar Index slipped below 100.00 after President Trump said new talks with Iran would begin Monday, adding to recent pressure from reported intervention and deeply bearish positioning among speculators. Markets also weighed a Treasury sell-off and Fed commentary underscoring the need to reinforce inflation credibility.

3. 14:40 UTC

   ...

Headlines (18)

• 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 · Aug 2, 17:59 UTC
• FOMC HogWarsh
  www.gold-eagle.com · Aug 2, 18:01 UTC
• PBOC sets USD/CNY reference rate at 6.7898 vs. 6.7894 previous
  www.fxstreet.com · 01:16 UTC
• United States Dollar Index weakens below 100.00 as Trump says new Iran talks would begin Monday
  www.fxstreet.com · 03:06 UTC
• Swiss Franc declines against US Dollar amid hawkish Fed bets
  www.fxstreet.com · 07:07 UTC
• US Dollar Index: Fed hike expectations support DXY – ING
  www.fxstreet.com · 07:22 UTC
• Bitcoin Falls on Carry Trade Unwind Fears as US Treasury Sec Pledges Further Yen Intervention
  coingape.com · 09:04 UTC
• Fed’s Williams: Affirms confidence for inflation to return to 2% target
  www.fxstreet.com · 10:27 UTC
• Futures Rise As Oil Plunge Helps Yields Ease From Nosebleed Highs; All Eyes On Yentervention
  www.zerohedge.com · 12:41 UTC
• JPMorgan says Warsh failure to buttress Fed credibility may force a rate hike before year-end
  www.marketwatch.com · 13:08 UTC
• Euro pares gains as traders seek clarity on US-Iran talks, Fed monetary policy
  www.fxstreet.com · 14:34 UTC
• USD/CHF Price Forecast: Technical outlook stays constructive above 0.8000
  www.fxstreet.com · 15:31 UTC
• Forex Today: Oil collapses on Iran talks, Yen holds gains
  www.fxstreet.com · 20:43 UTC

Scheduled events

As of 23:44 UTC

• 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
• 2026-08-03 — Manufacturing PMI · forecast 54.5 · CHF
• 2026-08-03 — Italian Manufacturing PMI · forecast 52.5 · EUR