The dollar index (DXY00) on Friday posted a 5.5-month high but gave up most of its advance and finished up +0.03%. The dollar found support on Friday's hawkish comments from Boston Fed President Susan Collins and Dallas Fed President Lorie Logan, who said they favored keeping interest rates steady. In addition, an upward revision to the University of Michigan US Nov consumer sentiment index was bullish for the dollar.
The dollar had early support on Friday from weakness in equity markets, but the support faded as stocks rebounded. The dollar also came under pressure Friday on dovish comments from New York Fed President John Williams, who said he sees room for a Fed rate cut in the "near term."
