U.S. Dollar Index Shows Slight Decline Amid Strong Dollar Policy

The U.S. Dollar Index experienced a slight decline last Friday evening, settling at 97.63, although it showed a weekly increase, reversing the downward trend of the previous two weeks. According to Ming Pao, U.S. Treasury Secretary Steven Mnuchin did not deny the recent weakening of the dollar but emphasized the current administration's strong dollar policy. San Francisco Federal Reserve Bank President Mary Daly expressed more concern about the labor market than inflation, suggesting that further interest rate cuts may be necessary, potentially one or two more times.