15 Aug 2025
US Dollar Index drifts lower to near 98.00 ahead of US PPI data
US Dollar Index edges lower to around 98.15 in Friday’s Asian session.
US PPI climbed at a stronger pace than expected in July.
Traders await the US Retail Sales report for July later on Friday.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a softer note near 98.15 during the Asian trading hours on Friday. Expectations that the Federal Reserve (Fed) will cut rates in September weigh on the DXY. The US July Retail Sales data will be the highlight later on Friday, followed by the preliminary reading of the University of Michigan Consumer Sentiment gauge.
