Dollar Recovers as US Inflation Expectations Jump

On Friday, the dollar index (DXY00) increased by +0.19%. After starting the day with losses, the dollar rebounded and gained momentum following a surprising rise in US May inflation expectations reported by the University of Michigan. This development, seen as hawkish for Fed policy, contributed to the dollar’s upward movement. Additionally, supportive remarks from Atlanta Fed President Bostic also bolstered the dollar… Read more.