The week combined a still-restrictive Federal Reserve backdrop with mixed labor, liquidity, energy and external-account evidence. The September 16 Fed increase to 3.75%-4.00% remained the policy reference point; September 24 releases showed initial claims at 197,000, Lower 48 gas storage at 3,351 Bcf and a second-quarter current-account deficit of $246.0 billion; September 25 review added employee-tenure and work-flexibility evidence, broadly unchanged dealer-financing terms and reserve balances averaging about $2.93 trillion. The completed-Friday USD Impact Score was -0.56, remaining in a soft dollar regime.
Each layer answers a different question. Use the links to move from concepts to current evidence, measurement, and synthesis.
Define the dollar, the three macro dials, and the transmission logic before interpreting a market move.
Read the verified facts, current catalysts, and market context without forcing them into a forecast.
Add the systematic weekly cross-asset regime measurement and audit its published methodology.
Synthesize the week from the published Daily editions plus the archived Weekly Score input.
These learning lenses help interpret the evidence chain; they are not a substitute for the Score's published eight-variable formula or source methodology.
The September 16 Fed increase to 3.75%-4.00% remained the policy backdrop, while September 21-22 editions separated individual policymaker commentary, Treasury buyback mechanics, Meta's planned Petal cable and EIA energy projections from verified same-day market outcomes.
Daily editions:2026-09-21 · 2026-09-22
September 23-24 editions reviewed ECB and EIA assessments alongside official U.S. releases. Initial claims were 197,000 for the week ended September 19; Lower 48 gas storage reached 3,351 Bcf after a 53 Bcf addition; and the second-quarter current-account deficit widened to $246.0 billion. Each statistic measures a different economic layer and is not a stand-alone dollar signal.
Daily editions:2026-09-23 · 2026-09-24
The September 25 edition added structural labor evidence, September dealer-financing conditions and the latest Federal Reserve balance-sheet data. Median employee tenure was 4.1 years in January 2026; 57% of wage and salary workers had flexible schedules in 2024-25; dealer financing terms were basically unchanged on net; and reserve balances averaged $2.930 trillion in the week ended September 23.
Daily editions:2026-09-25
The week combined a still-restrictive Federal Reserve backdrop with mixed labor, liquidity, energy and external-account evidence. The September 16 Fed increase to 3.75%-4.00% remained the policy reference point; the September 21-22 editions separated policymaker commentary, Treasury buyback mechanics, Meta’s Petal infrastructure announcement and EIA forecasts from observed market outcomes.
Midweek evidence broadened the picture. The September 23 edition reviewed published ECB and EIA assessments without treating them as same-day market results. The September 24 edition then added official U.S. releases: initial unemployment claims were 197,000 for the week ended September 19; Lower 48 natural-gas storage reached 3,351 Bcf after a 53 Bcf weekly addition; and the second-quarter current-account deficit widened to $246.0 billion.
The completed-Friday review added structural labor and financing context. Median employee tenure was 4.1 years in January 2026, 57% of wage and salary workers had flexible schedules in 2024-25, September dealer-financing terms were basically unchanged on net, and reserve balances averaged $2.930 trillion in the week ended September 23. These measures answer different questions and should not be collapsed into a single directional market conclusion.
The completed-Friday USD Impact Score was -0.56, a weekly change of +0.10 and a four-week change of +0.07. The regime remained Soft dollar regime. The news brief tracks verified developments and conditional transmission channels; the score measures the completed week’s configuration across eight standardized market inputs.
The three largest absolute component contributions were GOLD -0.314, SPX -0.312, and UST_10Y +0.256. Softer-dollar contributions came from GOLD, SPX, BTC, WTI and VIX, while UST_10Y, UST_2Y and DXY provided firmer-dollar offsets. The nearest regime boundary remained -0.30.
The positive week-over-week movement means the composite became less negative than the prior week, but it did not cross the nearest regime boundary. That describes the Score’s arithmetic configuration; it is not a forecast that the dollar must strengthen or weaken next week.
The published Daily editions carry three selected observation points into the next week: August JOLTS on September 29, then the third estimate of second-quarter GDP and August Personal Income and Outlays, including PCE inflation, on September 30.
These are scheduled releases, not known outcomes. For rates and DXY, compare the actual releases with expectations and the existing policy path. For gold, Bitcoin and equities, distinguish real-rate, liquidity and asset-specific channels. For energy, keep U.S. gas storage, crude balances, LNG and European gas evidence separate rather than transferring one market’s signal to another. Watch the breadth of the score’s eight component contributions alongside these events to see whether the completed-week configuration persists, narrows, or moves toward the nearest regime boundary.
This brief adds no new external event claims. It deterministically summarizes the five published Daily USD Impact editions for 2026-09-21 through 2026-09-25 and the immutable USD Impact Score archive for the completed Friday.
Daily summaries and scheduled catalysts are reused from the already-published editions. Score values, contributions, source provenance and freshness status come only from https://score.usd-impact.com/archive/2026-09-25/weekly_input.json. All eight Score source-provenance records were fresh for the completed week.
Source: Daily USD Impact — September 25, 2026: Tenure, work flexibility and dealer financing
Source: Daily USD Impact — September 25, 2026: Tenure, work flexibility and dealer financing
Source: Daily USD Impact — September 25, 2026: Tenure, work flexibility and dealer financing