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 ...

Dollar Slides as Stocks Rally Sharply - Reportify