The dollar index (DXY00) on Friday rose by +0.04%. An increase in safe-haven demand Friday boosted the dollar today on concerns the conflict between Israel and Hamas could widen after Iran’s foreign minister said Hezbollah militants could open a new front in the Israeli war if the blockade of Gaza and attacks there on civilians continue. The dollar fell back from its best levels on dovish comments from Philadelphia Fed President Harker, and after the University of Michigan U.S. Oct consumer sentiment index fell more than expected to a 5-month low.
The U.S. Sep import price index ex-petroleum fell -0.3% m/m, weaker than expectations of -0.1% m/m.
