Dollar index slips 0.19% to 101.32, but holds onto weekly gain
AI Market Summary
The dollar index slipped for a second day as inflation data met expectations and a sharp drop in oil prices cooled Fed hike expectations, though markets still price roughly one 25bp hike this year. Fed speakers kept a broadly hawkish tone, limiting downside. USDJPY remains near multi-decade lows, keeping Japan intervention risk elevated and increasing near-term FX volatility, especially ahead of next week's U.S. jobs report.
Impact level
● Medium
Affected assets
NCSIDXY2USD/USDT+0.11%
AI Insight · NCSIDXY2USD/USDTAI Insight
● Neutral
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The dollar index fell 0.19% on Friday to 101.32, extending its pullback to a second session while still posting a weekly rise. The retreat followed U.S. core inflation data on Thursday that matched expectations and a near-4% daily drop in oil prices, which eased bets on additional Federal Reserve tightening. The yen hovered around 161.74 per dollar, close to levels seen as a potential intervention threshold. The University of Michigan’s Consumer Sentiment Index edged up to 49.5, but remained below forecasts.
