Dollar slips for a second day as oil-led Fed hike bets cool, still set for weekly gain

The dollar index DXY fell 0.39% to 101.11 on Friday, marking its biggest one-day decline since June 11. U.S. crude (WTI) dropped 3.81% to $69.18 a barrel and Brent slid 4.17% to $72.12, leaving both down nearly 10% for the week. The sharp pullback in oil prices has weakened bets on a Federal Reserve rate hike later this year, adding pressure on the dollar while reinforcing oil’s own downturn.