The U.S. dollar was mostly steady on Friday, with the dollar index finishing little changed by the close. Even so, the greenback faced pressure during the session as energy prices pulled back sharply.
A roughly 3% drop in oil prices was one of the main factors weighing on the dollar index. The move in crude reduced some of the market support that had been helping the currency earlier, leaving the overall tone subdued.
Treasury yields also moved lower, adding to the softer backdrop for the dollar. The 10-year T-note yield fell by 1.8 basis points, a shift that limited upward momentum for the dollar index.
Taken together, weaker oil prices and lower benchmark yields left the dollar little changed rather than pushing it decisively in either direction. The result was a muted finish for the DXY after a session shaped by commodity and bond market moves.
