US Dollar in the green as Friday’s data underpins Greenback

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• US Dollar tries to snap losing streak as Greenback trades in the green.
• All eyes on Michigan Consumer Sentiment to see if the US Dollar can close this week off the lows.
• The US Dollar Index consolidates below 100.00, a weekly close above there would offer relief.

The US Dollar (USD) is getting a bit of a lift on the back of the strong sentiment numbers coming from the University of Michigan, a much needed tailwind after the massacre from earlier this week. At one point it appeared that everything was against the USD, with several inverse correlations kicking into gear. Most notable element is that the stock market has rallied throughout the week which puts a goldilocks scenario on the table where US rates will keep abating, stocks keep rallying and the Greenback will be left behind paying the bill for it all by devaluing even more.