US Dollar Index news for August 5, 2026

The US Dollar Index is hovering below 100.00 as traders await fresh US data, with softer jobs figures and a drop in oil prices weighing on the currency. At the same time, lingering Middle East uncertainty and expectations of a hawkish Federal Reserve are helping the dollar hold gains, keeping its moves rangebound. Market focus remains on upcoming US releases for direction.

Updated 18:06 UTC

How the day unfolded

1. 02:26 UTC

   The US Dollar Index is being buffeted by competing forces: supportive hawkish Federal Reserve rate-hike expectations are offsetting pressure from softer US jobs data and a sharp drop in oil prices, which has weighed on the currency amid reports of a possible reopening of the Strait of Hormuz. Traders are also watching Middle East uncertainty and US-Iran talks, with the dollar holding gains on some days while the euro and pound rebound on others.

2. 12:06 UTC

   The US Dollar Index is trading below 100.00, pressured by softer US jobs data and a drop in oil prices tied to hopes for reopened Hormuz shipping lanes, while lingering Middle East uncertainty and hawkish Federal Reserve expectations provide some support. Markets are now awaiting upcoming US data for further direction.

Headlines (13)

• US Dollar Index: Fed hike expectations support DXY – ING
  www.fxstreet.com · Aug 3, 07:22 UTC
• Euro pares gains as traders seek clarity on US-Iran talks, Fed monetary policy
  www.fxstreet.com · Aug 3, 14:34 UTC
• USD/CHF Price Forecast: Technical outlook stays constructive above 0.8000
  www.fxstreet.com · Aug 3, 15:31 UTC
• Forex Today: Oil collapses on Iran talks, Yen holds gains
  www.fxstreet.com · Aug 3, 20:43 UTC
• United States Dollar holds gains amid Middle East uncertainty, hawkish Fed odds
  www.fxstreet.com · Aug 4, 08:00 UTC
• US Dollar Index: Rally questioned as safe-haven role tested – Rabobank
  www.fxstreet.com · Aug 4, 15:30 UTC
• British Pound rebounds as soft JOLTS, Oil fall pressures the USD
  www.fxstreet.com · Aug 4, 15:51 UTC
• Euro holds above 1.1500 on Hormuz reopening hopes and softer US jobs data
  www.fxstreet.com · Aug 4, 15:51 UTC
• Forex Today: Oil extends collapse on Hormuz reopening reports, Silver surges
  www.fxstreet.com · Aug 4, 19:52 UTC
• United States Dollar Index trades subduedly below 100.00 ahead of US data
  www.fxstreet.com · 11:08 UTC
• US Dollar: Limited downside on softer payrolls – TD Securities
  www.fxstreet.com · 14:42 UTC
• Scotiabank's chart book quietly makes the case that the AI trade has changed
  investinglive.com · 17:18 UTC
• Forex Today: Gold surges above $4,240 as US labor data crumbles
  www.fxstreet.com · 21:16 UTC

Scheduled events

As of 23:32 UTC

• 2026-08-05 — FOMC Member Schmid Speaks · USD
• 2026-08-05 — ANZ Commodity Prices m/m · NZD
• 2026-08-05 — RatingDog Services PMI · forecast 53.7 · CNY
• 2026-08-05 — French Industrial Production m/m · forecast 0.3% · EUR
• 2026-08-05 — Spanish Services PMI · forecast 54.9 · EUR
• 2026-08-05 — Italian Services PMI · forecast 51.0 · EUR
• 2026-08-05 — French Final Services PMI · forecast 49.8 · EUR
• 2026-08-05 — German Final Services PMI · forecast 49.6 · EUR