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Barchart
Barchart
Rich Asplund

Dollar Falls Back on Weak US Economic Reports

US Federal Reserve Bostic United States Atlanta Fed ’”Cook Dallas Fed Kanda Panetta Interest Rates ECB Governing Council

The dollar index (DXY00) Monday fell by -0.20%.  Weaker-than-expected US economic news on Monday weighed on the dollar after February new home sales and the Mar Dallas Fed manufacturing outlook unexpectedly declined.  Losses in the dollar were limited by hawkish comments from Atlanta Fed President Bostic and Fed Governor Cook, who warned about cutting interest rates too early. 

The US Mar Dallas Fed manufacturing outlook survey unexpectedly fell -3.1 to 14.4, weaker than expectations of an increase to -10.0. 

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