TREE NEWS reports: The ICE U.S. Dollar Index rose 0.19% to 101.805 in late New York trading on Friday, Oct. 23, ending the week roughly flat after trading in a range of 102.080 to 101.446. The Bloomberg Dollar Spot Index gained 0.06% to 1,220.97, down 0.12% for the week, with a range of 1,224.03 to 1,218.40.
Dollar Index Rises 0.19% to 101.805 in New York; Flat for the Week
The dollar's modest Friday gain masks a week that went nowhere, with both the ICE and Bloomberg gauges confined to narrow ranges and finishing essentially flat. That kind of churn matters most for dollar-sensitive assets — gold, bitcoin and other hard-asset proxies — where a rangebound greenback offers little directional signal and leaves price action driven by other factors. The open question is whether the index breaks out of the 101.4–102.1 band or keeps chopping, since a sustained move either way would be the first real FX catalyst hard-asset markets have had in a while.
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