The dollar index (DXY00) on Friday fell by -0.35%. The dollar was under pressure on Friday from a weaker-than-expected US Feb payroll report. Also, a decline in US Jan retail sales added to negative sentiment toward the dollar.
Losses in the dollar were limited on Friday as a slump in equity markets boosted some liquidity demand for the dollar. Fed comments on Friday were also supportive of the dollar. Fed Governor Christopher Waller said the Iran war is unlikely to cause sustained inflation, and Cleveland Fed President Beth Hammack and Boston Fed President Susan Collins expressed their support for keeping interest rates at their current mildly restrictive level "for some time."
