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fxAug 5, 2026, 11:55 AM

Dollar Index to Consolidate in 96–100 Range as Rally Ends: BBH

The US Dollar's rally from May has likely ended, with the DXY expected to consolidate in a 96.00–100.00 range, according to Brown Brothers Harriman's Elias Haddad.

DXY

The US Dollar is trading mixed amid rising global equities and stabilizing oil prices, notes Elias Haddad of Brown Brothers Harriman. He argues that the greenback's rally from May has likely run its course.

Haddad now expects the US Dollar Index (DXY) to consolidate in a 96.00–100.00 range. Markets are looking ahead to key upcoming data releases, including the ISM manufacturing report and monthly payrolls, which could provide the next directional catalyst.

Source: FXStreet Forex News