The dollar index (DXY00) Tuesday fell by -0.57%. The dollar was under pressure Tuesday because of concerns that US trade policies will lead to economic stagflation. Losses in the dollar accelerated after the US Mar trade deficit widened to a record high, a bearish factor for Q1 GDP.
The US Mar trade deficit was a record -$140.5 billion, wider than expectations of -$137.2 billion and a negative factor for Q1 GDP.
