#USDollarFallsToThreeMonthLow $NVDA.US
*#USDollarFallsToThreeMonthLow*
The DXY Dollar Index dropped to *∼98.55-98.80*, its lowest since May 14, 2026 - down 0.7% this week.
*Why:* U.S. Treasury said it will at least double buybacks of long-dated bonds to try to cap the 30-year yield which hit a 19-year high of 5.33% this week. Market sees it as easing financial conditions / more dollars in the market.
Result: Euro hit $1.1711, Sterling hit $1.3675, long yields stayed high anyway, so analysts say the burden is shifting from yields to the currency. Traders are also pricing out a Fed rate hike - ∼70% chance of hold in September.
*$NVDA.US - NVIDIA*
Closed *$214.72 on Aug 21, -0.98%* for the day, after-hours $215.37. About 9% below its all-time high of $236.54 in May. cfd98026
Context: In a weak dollar / risk-on tape, NVDA is pulling back ahead of earnings *Wednesday after close*. Options are pricing a *+/- 6% swing* - could retest $229 or drop below $205.
Street is still Buy - consensus target $308 with 43% upside, expecting record Q2 revenue ∼$92B. Recent weakness is tied to the broader AI trade pullback and worries about circular AI financing.
A weaker dollar is usually bullish for big tech like NVDA because overseas sales are worth more and risk appetite rises.
*#USDollarFallsToThreeMonthLow*
The DXY Dollar Index dropped to *∼98.55-98.80*, its lowest since May 14, 2026 - down 0.7% this week.
*Why:* U.S. Treasury said it will at least double buybacks of long-dated bonds to try to cap the 30-year yield which hit a 19-year high of 5.33% this week. Market sees it as easing financial conditions / more dollars in the market.
Result: Euro hit $1.1711, Sterling hit $1.3675, long yields stayed high anyway, so analysts say the burden is shifting from yields to the currency. Traders are also pricing out a Fed rate hike - ∼70% chance of hold in September.
*$NVDA.US - NVIDIA*
Closed *$214.72 on Aug 21, -0.98%* for the day, after-hours $215.37. About 9% below its all-time high of $236.54 in May. cfd98026
Context: In a weak dollar / risk-on tape, NVDA is pulling back ahead of earnings *Wednesday after close*. Options are pricing a *+/- 6% swing* - could retest $229 or drop below $205.
Street is still Buy - consensus target $308 with 43% upside, expecting record Q2 revenue ∼$92B. Recent weakness is tied to the broader AI trade pullback and worries about circular AI financing.
A weaker dollar is usually bullish for big tech like NVDA because overseas sales are worth more and risk appetite rises.