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Barchart
Rich Asplund

Dollar Slips and Gold Rises on Weaker-Than-Expected U.S. Economic News

Gold BOJ University of Michigan Holzmann Ueda United States ECB Japan

The dollar index (DXY00) this morning is down by -0.10%.  The dollar fell from a 1-1/2 week high today and turned lower on weaker-than-expected U.S. economic news on Feb ISM manufacturing, Jan construction spending, and the University of Michigan U.S. Feb consumer sentiment. A decline in T-note yields today also weighed on the dollar.

The U.S. Feb ISM manufacturing index unexpectedly fell -1.3 to 47.8, weaker than expectations of an increase to 49.5. 

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