India, Feb. 12 -- A Fed narrative that focused on scaling back rate cut expectations helped the U.S. Dollar trade firm during the week spanning February 5 to February 9. The Dollar Index, a measure of the Dollar's relative strength against a basket of 6 currencies recorded a mild uptick during the week. While the U.S. Dollar gained against the euro, the British Pound as well as the Japanese Yen, it failed to rise against the Australian Dollar.
The Dollar Index increased 0.18 percent during the week ended February 9, closing at 104.11, versus 103.92 a week earlier. The Index traded between the 11-week high of 104.60 recorded on Monday and the low of 103.94 touched on Wednesday.
Data released on Monday reaffirmed the strength of the U.S. ec...