The dollar index (DXY00) on Friday rose by +0.30%. The dollar rose Friday on comments made late Thursday from President Trump that firing Fed Chair Powell wasn’t necessary, easing concerns around the Fed’s independence that could spark foreign investors to shun dollar assets. On the negative side was Friday’s report on US Jun capital goods new orders nondefense ex-aircraft & parts that unexpectedly declined. Also, Friday’s rally in the S&P 500 to a new all-time high curbed liquidity demand for the dollar.
US Jun capital goods new orders nondefense ex-aircraft & parts unexpectedly fell -0.7% m/m, weaker than expectations of a +0.1% m/m increase.
