The USD index (DXY) fell to around 99.6 on Friday, set for a weekly loss of over 1%, pressured by rising US fiscal concerns after Trump’s new budget bill, which includes tax cuts and higher defense spending – was estimated by the CBO to add nearly USD 4 tln to the national debt. Sentiment was further hit by Moody’s downgrade of the US credit rating to Aa1, citing ballooning deficits and rising debt-servicing costs. The USD also faced pressure from stalled trade talks, though China and the US agreed to maintain open communication following a high-level call.