Dollar heading for best week in three years; payrolls due

Dollar heading for best week in three years; payrolls due

Source: EODHD - https://www.investing.com/news/forex-news/dollar-heading-for-best-week-in-three-years-payrolls-due-4165066
Published: Aug 01, 2025 4:29 AM

Investing.com - The U.S. dollar rose Friday, heading for its best week in almost three years as traders react to a relatively hawkish stance by the Federal Reserve, healthy economic data and the imposition of new U.S. tariffs on a series of trading partners. At 04:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, gained 0.1% to 99.870, on course to gain around 2.5% this week, its best weekly performance since September 2022. Payrolls in spotlight U.S. President Donald Trump signed an executive order on Thursday night lifting tariffs to as much as 50% on dozens of countries, with the levies now set to activate at 12:01 am on August 7. Ma...

Market context: This update is relevant to AUD traders, with AUDUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.