American Dollar edges higher, still reports the largest weekly plunge this year

The US Dollar Index (DXY) measured against a basket of six major currencies on an average inched higher on Friday, paring some of its earlier losses, as a rise in US Treasury bond notes alongside China’s inflation gauges had propelled the greenback higher, however, the American Dollar Index still had botched to avert its worst weekly percentage decline this year thus far, snapping up a latest leg of three straight week of gains.