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Barchart
Barchart
Rich Asplund

Dollar Falls on US Economic Concerns

United States ECB

The dollar index (DXY00) today is down by -0.20%.  Economic concerns are weighing on the dollar after today's US economic news showed Feb retail sales rose less than expected, and the Mar Empire manufacturing survey of general business conditions fell to a 14-month low.  The dollar is also under pressure because of tariff and trade war concerns.  The dollar extended its losses today after the Mar NAHB housing market index unexpectedly fell to a 7-month low.

US Feb retail sales rose +0.2% m/m, weaker than expectations of +0.6% m/m, although Feb retail sales ex-autos rose +0.3% m/m, right on expectations.

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