The dollar index (DXY00) Friday fell by -0.09%. Strength in the yen Friday undercut the dollar after Japanese Finance Minister Kato warned about excessive moves in the forex market after the yen tumbled to a 5-month low against the dollar on Thursday. The dollar fell to its low on Friday after the US Nov trade deficit was wider than expected, a negative factor for Q4 GDP. However, the dollar recovered from its worst levels after Friday’s stock selloff, which boosted liquidity demand for the dollar.
The US Nov trade deficit widened to -$102.9 billion from -$98.3 billion in Oct, a larger deficit than expectations of -$101.2 billion.
