Analyst: Manufacturing Data Causes Dollar to Return to Lows

BlockBeats News, April 28th, Financial website Forexlive analysts stated that the US Dollar has once again hit a low point, with US stocks holding steady but the dollar remaining weak. The dollar's decline is accelerating, which is a ominous sign. The latest leg down came as the Dallas Fed manufacturing index fell to its lowest level since May 2020. The report is filled with concerns about tariffs and uncertainty in the real economy.

The market is weighing whether all this bad confidence data really does presage an economic slowdown, and each such data point weakens the case for bullishness, especially after last week's strong rebound in US stocks and the dollar. (FXStreet)