The dollar index fell by -0.58% due to dovish Fed comments and escalating US-China trade tensions. The ongoing US government shutdown negatively impacts the dollar. The University of Michigan US Oct consumer sentiment index fell to a 5-month low of 55.0. Fed officials Waller and Musalem hint at potential interest rate cuts. EUR/USD rose by +0.39% on Friday due to dollar weakness and supportive ECB comments. The yen rebounded from a low against the dollar on hawkish BOJ factors and political uncertainty in Japan. Precious metals surged due to dollar weakness, Fed comments, and geopolitical risks. Gold and silver settled higher on Friday, boosted by increased demand for safe-haven assets.

Read more at Yahoo Finance: Dollar Drops on Dovish Fed Comments and Heightened China Trade Tensions