US dollar fundamentals

US dollar fundamentals – Week of Sep 27, 2026

Automatic weekly summary of the news that moves the dollar and the markets.

· 16 events

🐂🐂🐂 High impact (3 bulls)Bearish for the dollar

CB Consumer Confidence

Measures the level of consumer optimism regarding economic activity and national financial health.

Reading for the dollar

The actual figure (81.9) was significantly lower than expected (89.2), indicating consumer pessimism that typically weakens the dollar.

ActualForecastPrevious
81.989.288.6
Economic calendar
🐂🐂🐂 High impact (3 bulls)Bearish for the dollar

JOLTS Job Openings

Reports the number of job openings available, excluding the farming sector, reflecting labor demand.

Reading for the dollar

The actual figure (7.079M) came in below forecast, suggesting a cooling labor market that puts downward pressure on the USD.

ActualForecastPrevious
7.079M7.23M7.335M
Economic calendar
🐂🐂🐂 High impact (3 bulls)Bullish for the dollar

ADP Non-Farm Employment Change

Estimates the monthly change in private non-farm employment, serving as a prelude to the official government report.

Reading for the dollar

The 90K print beat the 73K forecast, showing stronger private job creation than expected, which is positive for the dollar.

ActualForecastPrevious
90K73K36K
Economic calendar
🐂🐂🐂 High impact (3 bulls)Bearish for the dollar

Core PCE Price Index m/m

Measures the change in prices of goods and services purchased by consumers, excluding food and energy; it is the Fed's preferred inflation gauge.

Reading for the dollar

At 0.2%, the figure was lower than the 0.3% expected, suggesting slightly more controlled inflation and reducing pressure to hike rates.

ActualForecastPrevious
0.2%0.3%0.1%
Economic calendar
🐂🐂🐂 High impact (3 bulls)Bullish for the dollar

Final GDP q/q

The broadest measure of economic activity and the overall health of the U.S. economy.

Reading for the dollar

The final figure of 2.2% exceeded the 1.5% expectation, showing a more resilient economy than anticipated, favoring the dollar.

ActualForecastPrevious
2.2%1.5%2.5%
Economic calendar
🐂🐂🐂 High impact (3 bulls)No data / neutral

Final GDP Price Index q/q

Reflects the annualized change in the prices of all goods and services included in the GDP.

Reading for the dollar

With no actual data yet, a value above 6.4% would be inflationary and bullish, while a lower value would be bearish for the USD.

ActualForecastPrevious
—6.4%6.4%
Economic calendar
🐂🐂🐂 High impact (3 bulls)No data / neutral

Crude Oil Inventories

Measures the change in the number of barrels of crude oil held in commercial inventory.

Reading for the dollar

The 0.922M increase versus the expected -0.7M drop suggests lower demand or oversupply, indirectly impacting inflation.

ActualForecastPrevious
0.922M-0.7M2.969M
Economic calendar
🐂🐂🐂 High impact (3 bulls)No data / neutral

President Trump Speaks

Public intervention by the executive that may contain clues about fiscal or trade policy.

Reading for the dollar

Impact depends on the tone; comments on tariffs or public spending typically generate high volatility in the dollar.

Economic calendar
🐂🐂🐂 High impact (3 bulls)No data / neutral

FOMC Member Kashkari Speaks

Statements from a member of the committee that decides U.S. interest rates.

Reading for the dollar

Interpretation depends on whether the stance is hawkish (favoring high rates/strong dollar) or dovish (favoring low rates/weak dollar).

Economic calendar
🐂🐂🐂 High impact (3 bulls)Bullish for the dollar

Unemployment Claims

Measures the number of individuals who filed for unemployment insurance for the first time during the past week.

Reading for the dollar

The 197K figure was better (lower) than expected, indicating a robust labor market and is positive for the dollar.

ActualForecastPrevious
197K201K198K
Economic calendar
🐂🐂🐂 High impact (3 bulls)No data / neutral

Final Manufacturing PMI

Survey of purchasing managers regarding conditions in the manufacturing sector.

Reading for the dollar

The actual data (55.9) beat the previous reading but missed the forecast (56.9), showing expansion but at a slower pace than projected.

ActualForecastPrevious
55.956.953.9
Economic calendar
🐂🐂🐂 High impact (3 bulls)No data / neutral

FOMC Member Waller Speaks

Comments from a voting member of the Federal Reserve on monetary policy.

Reading for the dollar

Markets look for signals regarding the magnitude of upcoming interest rate moves.

Economic calendar
🐂🐂🐂 High impact (3 bulls)Bearish for the dollar

ISM Manufacturing PMI

Key indicator of economic health based on national manufacturing sector activity.

Reading for the dollar

The 54.5 came in slightly below the 54.8 expected, suggesting sector growth is somewhat slower than anticipated.

ActualForecastPrevious
54.554.854.6
Economic calendar
🐂🐂🐂 High impact (3 bulls)Bearish for the dollar

Average Hourly Earnings m/m

Measures the change in the price businesses pay for labor, an early indicator of wage inflation.

Reading for the dollar

The 0.1% was lower than the 0.3% expected, which reduces inflationary pressures and may weaken the dollar.

ActualForecastPrevious
0.1%0.3%0.3%
Economic calendar
🐂🐂🐂 High impact (3 bulls)Bearish for the dollar

Non-Farm Employment Change

The most important U.S. employment data, measuring the change in the number of employed people during the previous month.

Reading for the dollar

The actual figure (29K) was a massive disappointment compared to the 89K expected, indicating severe weakness in the labor market and being very bearish for the USD.

ActualForecastPrevious
29K89K133K
Economic calendar
🐂🐂🐂 High impact (3 bulls)Bearish for the dollar

Unemployment Rate

Percentage of the total work force that is unemployed and actively seeking employment.

Reading for the dollar

The increase to 4.2% versus the 4.1% expected reinforces the signal of economic cooling, pressing the dollar lower.

ActualForecastPrevious
4.2%4.1%4.1%
Economic calendar

Previous weeks

Informational content. Not investment advice.