WSJ Dollar Index Rises 0.56% for the Week to 97.60

Key Facts

In a week of mixed global economic data, the WSJ Dollar Index rose 0.56% to 97.60, according to the Wall Street Journal. However, the index declined for a second consecutive session on the final trading day, capping the weekly advance.

US services PMI came in better than expected at 51.3 (per market data), supporting the dollar mid-week. In contrast, Canadian inflation surprised to the upside at 3.2% versus the 3.0% forecast, potentially limiting the greenback's momentum. Meanwhile, eurozone services PMI remained in contraction at 48.9, reinforcing the divergence between the two economies.

Traders now look ahead to next week's US jobs data and inflation reports for the dollar's near-term direction. With the index holding above the 97 handle, attention will focus on any signals from the Federal Reserve regarding the interest rate path.