USD: Positive outlook amid strong data – Deutsche Bank
By FXStreet Insights Team
Date Published: 3 Feb 2026 | Date Modified: 3 Feb 2026
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Deutsche Bank's Macro Strategy report highlights a positive outlook for the Dollar following strong economic data. The report notes that the ISM manufacturing index unexpectedly surged, contributing to rising optimism for 2026.
Deutsche Bank's Macro Strategy report highlights a positive outlook for the Dollar following strong economic data. The report notes that the ISM manufacturing index unexpectedly surged, contributing to rising optimism for 2026. The Dollar Index increased by 0.66%, marking its best two-day performance since last spring.
Dollar strengthens on positive economic signals
"One of the clearest reactions to the ISM was in US Treasury markets, with yields moving higher as investors priced out the chance of Fed rate cuts. For instance, futures had been pricing in an 87% chance of another rate cut by the June FOMC (which would be Warsh’s first as Chair if confirmed), but that was down to 70% by the close."
"Higher yields supported the dollar index (+0.66%), which has had its best two-day run since last spring."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
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