
The dollar index (DXY00) Friday fell by -0.08%. The dollar was under pressure Friday after the University of Michigan Sep consumer sentiment and inflation expectations reports fell more than expected, which is dovish for Fed policy. Also, hawkish ECB comments Friday boosted EUR/USD at the dollar’s expense. Higher T-note yields on Friday and a slump in stock limited losses in the dollar.
The U.S. import price index ex-petroleum was unchanged m/m for a second month, right on expectations.