The dollar index (DXY00) Friday fell by -0.50% on dovish comments from Chicago Fed President Goolsbee, who said the US labor market and some leading indicators on the economy are flashing warning signs. The dollar also retreated on Friday’s weaker-than-expected US July housing starts report.
The dollar extended its losses Friday after the S&P 500 recovered from early losses and rallied to a 2-week high, curbing liquidity demand for the dollar. The stronger-than-expected University of Michigan’s Aug US consumer sentiment index was a positive factor for the dollar Friday.
