The dollar index (DXY00) Tuesday rose by +0.53%. The dollar Tuesday rose moderately on better-than-expected US economic news on Apr Empire manufacturing survey general business conditions and the Mar import price index ex-petroleum. Also, comments Monday evening from Atlanta Fed President Bostic boosted the dollar when he said he favors keeping Fed policy steady. Gains in the dollar are limited as the dollar faces a confidence crisis. The US tariff turmoil diminishes the dollar’s reserve-currency status and has prompted some foreign investors to liquidate their dollar assets.
The US Apr Empire manufacturing survey of general business conditions rose +11.9 to -8.1, stronger than expectations of -13.5.
