The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading slightly higher at around 101.00 on Friday after a softer-than-expected University of Michigan Consumer Sentiment survey added to a week of mixed US economic data. Household confidence dropped, while inflation expectations surged, painting a murky outlook for the US economy. US President Trump’s unpredictable tariff plans and vague trade policy continue to weigh on sentiment. Still, the DXY is holding onto weekly gains, as traders digest fading risk appetite and brace for further Federal Reserve (Fed) signals.
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