The dollar index (DXY00) on Friday fell by -0.01%. The dollar was under pressure Friday on dovish comments from Atlanta Fed President Bostic, who said if the outlook unfolds as he expects, “it will be appropriate to cut interest rates this year.“ Friday’s weaker-than-expected report on US Apr leading indicators was also bearish for the dollar.
Losses in the dollar were limited Friday due to higher T-note yield and hawkish comments from Fed Governor Bowman, who said she expects inflation to remain elevated “for some time.”
