The dollar index (DXY00) Friday rose by +0.11%. The dollar posted modest gains Friday in hopes of de-escalation of the US-China trade war. Bloomberg reported Friday that the Chinese government is considering suspending the 125% tariffs on some US imports, including medical equipment and industrial chemicals like ethane. The dollar also garnered support after the University of Michigan US Apr consumer sentiment index was unexpectedly revised upward.
The dollar fell back from its best levels Friday due to concern that the US-China trade war would drag on and weigh on US growth prospects after President Trump said the US would not lower tariffs on China unless "they give us something substantial."
