Dollar declines for second straight day but set for weekly gain

The US dollar index fell 0.19% to 101.32 but was set for a second straight weekly gain, with the euro up 0.18% at $1.1389. Markets continue to price in roughly 25 basis points of Fed rate hikes this year, though softer US inflation data and easing oil prices, with US crude down 3.6% to $69.33 and Brent down 4.34% to $72.02, have moderated rate-hike bets. Minneapolis Fed President Neel Kashkari indicated the central bank may still need to raise rates amid broad inflation pressures.