The US dollar index fell more than 0.5% on the day the US PCE inflation data was released, and the Japanese yen dropped 1.8% this week, nearing 158 at one point

Wallstreetcn
2024.12.20 23:51

On Friday (December 20), at the New York close, the ICE Dollar Index fell by 0.55% to 107.815 points, with a cumulative increase of 0.76% for the week. Before the Federal Reserve announced the interest rate cut on December 18, it traded narrowly around the 107-point level, then quickly surged, reaching 108.541 points on the 20th (before the release of the PCE inflation indicator favored by the Federal Reserve), with the weekly increase subsequently narrowing by about half.

The Bloomberg Dollar Index fell by 0.53% to 1296.81 points, with a cumulative increase of 0.62% for the week, trading within a range of 1286.83-1305.50 points.

The dollar fell by 0.65% against the yen, trading at 156.41 yen, with a cumulative increase of 1.80% for the week, trading within a range of 153.16-157.93 yen

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