The US Dollar Index rose 0.3% on Friday, with a V-shaped reversal this week
On Friday, at the close in New York, the ICE Dollar Index rose by 0.31%, reporting at 97.654 points, with a cumulative increase of 0.11% for the week, showing an overall V-shaped reversal. After the Federal Reserve announced a 25 basis point rate cut on September 17 and the FOMC dot plot suggested there is still 50 basis points of rate cut space in 2025, it plunged to 96.218 points. The Bloomberg Dollar Index rose by 0.22%, reporting at 1198.51 points, with a cumulative increase of about 0.01% for the week, trading within a range of 1183.70-1200.34 points
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