Dollar Erases Early Gains as US Consumer Sentiment Sinks

Written on 05/22/2026
Rich Asplund

The dollar index (DXY00 ) on Friday gave up an early advance and finished little changed. The dollar was pressured on Friday after the University of Michigan’s May US consumer sentiment index was revised downward to a record low. Also, Friday’s rally in stocks curbed liquidity demand for the dollar....Dollar bills in an organized pile by TheDigitalArtist via Pixabay