The US Dollar Index trades at levels lower than any session close since September 28.
At 02:54 UTC on Thursday, the index traded at 101.28, down 0.28% from the previous session close of 101.57. Since the current session opened at 23:00 UTC on Wednesday, the price has fluctuated between 101.26 and 101.52. Over the previous five sessions, the index ranged from 101.10 to 102.45, while the twenty-session range spanned 101.10 to 102.95.
Investors turned toward Treasuries as they weighed implications for federal spending and oversight of the AI sector. This political shift overshadowed recent economic data, including an ADP report showing private payrolls rose by 86,000 jobs in October.
US Treasury yields have declined, with the 10-year yield at 4.90% and the 2-year yield at 4.58% on November 4. Prediction markets price an 81% chance of a 25 basis point Fed rate hike in December 2026. This expectation remains largely intact even as the political landscape shifts.
The US Unemployment Claims release is scheduled for 13:30 UTC on Thursday. Further clarity on the labor market will arrive on Friday with the Non-Farm Employment Change and Unemployment Rate data.
Sources: Yahoo Finance quotes, US Treasury, Kalshi, ForTraders economic calendar.
