Reported 2 days ago
The dollar index remained stable on Friday despite being pressured by a weaker-than-expected US CPI report, which may allow the Federal Reserve to consider cutting interest rates. The CPI rose only 0.3% month-over-month, slightly below expectations, while core CPI figures also fell short. Concurrently, the US consumer sentiment index dropped, further influencing dollar weakness. However, both manufacturing and services PMIs showed positive signs. Ongoing government shutdowns continue to raise concerns regarding the US economy and potential rate cuts.
Source: YAHOO