
The dollar index (DXY00) Monday rose by +0.17%. The dollar on Monday recovered from a 1-week low and turned higher as US tariff concerns roiled global equity markets and boosted safe-haven 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 were limited due to concerns that US tariffs would 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.