India, May 16 -- The U.S. dollar appreciated against its major counterparts in the New York session on Friday, as investors focused on developments on the trade front.
The Trump administration is planning to send letters to many countries in the coming weeks, which indicate tariff rates the U.S. intends to impose.
The U.S.-China trade deal to temporarily slash steep tariffs, as well as the recent bilateral trade agreement between the U.S. and the UK, helped ease trade tensions.
While U.S. consumer sentiment deteriorated in May, inflation expectations rose further.
Preliminary data from the University of Michigan showed that the consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the in...