The dollar index (DXY) which measures the U.S. currency against a basket of its rivals fell to 81.53 on Friday from 81.606 late Wednesday.
The dollar initially slipped after U.S. data showed that the number of people filing new claims for unemployment benefits last week rose more than expected, to a six-week high.
The dollar however steadied as analysts remain broadly bullish on the US Dollar against its leading counterparts in line with long-term fundamental outlook.
Technical analysts concur as well, that the prospects for a higher Dollar appears to have broken, but of a near one-year accumulation pattern that projects higher prices into the 83.10/40 target zone.
Dollar bulls have been looking for fresh reasons to drive up the index after last month’s 2.1 percent rally – the biggest monthly gain in over a year.
A U.S. import price index fell 0.2% in July.
Benchmark Treasury yields fell while stocks closed higher.
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