The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, trades with a negative bias for the second straight day on Friday, though the intraday downtick lacks bearish conviction.
US Federal Reserve (Fed) Vice Chair Philip Jefferson said that recent inflation numbers suggest the Fed is still making headway toward its 2% target. However, he cautioned that the outlook has become less certain, with the threat of new import tariffs potentially pushing prices higher.
The Federal Reserve left its benchmark interest rate unchanged at 4.5%, in line with expectations, but struck a more cautious tone in its policy statement.