Reported 2 days ago
The dollar index fell by 0.02% on Friday, reversing early gains due to disappointing economic reports, including a weaker-than-expected Chicago PMI and a revised consumer sentiment index. Additionally, dovish remarks from Fed Governor Christopher Waller, suggesting potential rate cuts, added pressure on the dollar. While U.S. consumer spending showed strength, concerns over the Fed's independence and potential capital flight lingered, impacting investor confidence in the dollar.
Source: YAHOO