The dollar index (DXY00) Tuesday rose by +0.19%. The dollar posted moderate gains on Tuesday amid tariff relief expectations after the Wall Street Journal reported that President Trump will ease auto tariffs and lift levies on foreign parts for cars and trucks made in the US. The dollar fell back from its best level after the US trade deficit unexpectedly widened to a record high, a negative factor for Q1 GDP, and after the Conference Board US Apr consumer confidence index fell more than expected to a 5-year low.
The US Mar trade deficit unexpectedly widened to a record high of -$162.0 billion, wider than expectations of -$145.0 billion and a negative factor for Q1 GDP.
