Dollar Slides as Stocks Rally Sharply
Yahoo Finance·2026-02-07 04:33
The dollar index (DXY00) on Friday fell by -0.19%. Friday's sharp rally in equity markets has reduced liquidity demand for the dollar. The dollar is also being pressured by some negative carryover from Thursday, when weaker-than-expected US labor market news boosted the chance of a Fed rate cut at next month's FOMC meeting to 19% from 8% on Wednesday. Losses in the dollar were limited from hawkish Fed commentary and after the University of Michigan US Feb consumer sentiment index unexpectedly rose to a ...