Dollar Set for Second Weekly Rise on Hawkish Sentiment

The US dollar is poised to extend its winning streak into a second week, as rising Treasury yields and hawkish Federal Reserve expectations continue to drive market sentiment.

This week's key economic releases include US durable goods orders for August and the final University of Michigan consumer sentiment for September. Central bank communication remains active, with Fed officials Williams and Hammack, BoE Governor Bailey, and ECB policymakers Buch and Vujcic set to speak.

US equities were choppy following the Trump-Xi meeting, which failed to deliver any major policy shifts. Higher oil prices and rising interest rates weighed against support from AI-related optimism.