Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Dollar Firms and Gold Soars to a Record High as Equity Markets Tumble

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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.