Dollar Drops on Dovish Fed Comments and Heightened China Trade Tensions
Yahoo Finance·2025-10-10 19:33
The dollar index (DXY00) on Friday fell by -0.58%. The dollar was under pressure Friday as T-note yields retreated on dovish comments from Fed Governor Christopher Waller and St. Louis Fed President Alberto Musalem, who expressed their support for additional Fed interest rate cuts. Losses in the dollar accelerated on Friday after US-China trade tensions escalated, which could weigh on economic growth, following President Trump’s threat of a “massive increase” in tariffs on Chinese goods. The ongoing s ...