U.S. Labor Day (7 September 2026)

The US dollar climbed to an 18-month high as investors awaited key inflation reports and weighed expectations for another Federal Reserve rate hike in December. 

Energy markets cooled on Monday as Brent crude slipped toward $103 a barrel, ending a two-session rally. Declining oil prices and easing Treasury yields provided support to major currencies and precious metals as investors awaited upcoming US inflation data. 

The dollar held firm heading into the new week as investors awaited key US inflation figures to guide Federal Reserve policy. The Dollar Index held above 102 after four consecutive weekly gains, while the euro and yen remained under pressure from wide interest rate differentials and persistent fiscal concerns. September’s consumer and producer inflation reports will be closely watched as markets assess whether the Fed has room to pause its tightening cycle.