Dollar extends skid to 3 days, posts first weekly drop since mid-April – Trend is still in-tact.
A popular gauge of the U.S. dollar’s strength edged lower Friday, marking a third straight loss after a brisk run-up and its first weekly decline after three consecutive weekly gains. More broadly, the buck retreated against most of its major counterparts, adding to Thursday’s downbeat sentiment on disappointment over a key read of inflation that came in cooler than expected, suggesting that the Federal Reserve may not need to raise interest rates faster than Wall Street is expecting this year, a slightly bearish factor for greenback. Read More @ https://www.marketwatch.com/story/dollar-gauge-threatens-3-session-skid-first-weekly-drop-in-four-weeks-2018-05-11?siteid=rss&rss=1
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