Dollar Rises After Last Week's Biggest Drop Since April 2026

The US dollar increased in trading on Monday after experiencing its biggest weekly fall since April 2026, as market expectations for further US interest rate hikes diminished.

The dollar index, which tracks the US currency against six major currencies, rose by 0.21% to reach 101.067 points at 10:05 Moscow time.

Last week, the US dollar recorded its largest weekly decline since April 2026, following a US jobs report that showed a sharp slowdown in job growth during June 2026. This development eased market anticipation of additional rate increases by the US Federal Reserve.

Analysts from OCBC Bank stated, "The overall outlook for the US dollar remains positive," maintaining their view that the dollar will experience a moderate rise of 2 to 3 percent in the second half of 2026.