The U.S. Dollar Index slipped slightly on Friday evening, closing at 97.63, but still recorded a weekly gain, ending the downward trend seen over the previous two weeks.
According to Ming Pao, U.S. Treasury Secretary Steven Mnuchin acknowledged the recent weakness in the dollar but reaffirmed the administration’s commitment to a strong dollar policy. Meanwhile, San Francisco Fed President Mary Daly said she is more concerned about conditions in the labor market than inflation, indicating that the Federal Reserve may consider one or two additional interest rate cuts if needed.#WhaleDeRiskETH #USIranStandoff #EthereumLayer2Rethink?
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