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US Dollar Index news for August 10, 2026

The US Dollar Index is advancing above 99.50, supported by safe-haven demand from Middle East risks and rising risk aversion. However, softer labour data has shifted Federal Reserve outlook, pausing a post-NFP selloff. While some experts suggest the dollar rally might have come to an end, the index remains firm as oil surges on Hormuz.

How the day unfolded

  1. The US Dollar Index is hovering above 99.50, supported by safe-haven demand from Middle East tensions, while a pause in the post-NFP selloff adds to the consolidation. Softer labour data has shifted the Fed outlook, prompting some experts to suggest the dollar's rally may have run its course, leaving the index at a crossroads ahead of CPI data.

  2. The US Dollar Index remains supported above 99.50 by Middle East geopolitical tensions, which have also boosted risk aversion. However, softer labour data has led to a shift in Fed outlook expectations, and some experts believe the dollar's rally may be over, with positioning data showing bulls retreating. The index is now at a crossroads ahead of the next CPI release.

  3. The US Dollar Index is holding above 99.50 as Middle East tensions lend support, while a post-NFP selloff pauses. Softer labour data has shifted Fed outlook expectations, and with CPI ahead, the dollar is seen at a crossroads, with some experts suggesting the recent rally may have run its course.

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Not investment advice. For informational purposes only.