
The dollar index (DXY00) Friday fell from a 4-week high and finished down by -0.29%. Long liquidation pressures weighed on the dollar ahead of this weekend's US-China trade talks in Switzerland. Losses in the dollar accelerated Friday after New York Fed President Williams said he expects economic growth in the US this year to be "considerably slower" than in 2024, which was a dovish statement for Fed policy.
Fed Governor Kugler said the Fed should hold interest rates steady for now, citing a stable US economy and uncertainty around President Trump's tariffs policy.