
The dollar index (DXY00) today is up by +0.27%. The dollar today recovered from a 1-week low and turned higher as the slump in equity markets fueled liquidity demand for the dollar. The dollar extended its gains after the March MNI Chicago PMI unexpectedly rose to a 16-month high. Gains in the dollar are limited due to lower T-note yields and concerns that US tariffs will derail economic growth.
The US March MNI Chicago PMI unexpectedly rose +2.1 to a 16-month high of 47.6, stronger than expectations of a decline to 45.0.