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Barchart
Barchart
Rich Asplund

Dollar Slips on Weaker-Than-Expected US Economic News

The dollar index (DXY00) today is down by -0.26%.  Today's report showing a smaller-than-expected increase in US March consumer prices is weighing on the dollar.  Also, today's stock rally has reduced liquidity demand for the dollar.  In addition, hopes that this weekend's negotiations between the US and Iran will lead to peace are reducing safe-haven demand for the dollar.  Losses in the dollar accelerated today after the University of Michigan's US Apr consumer sentiment index fell more than expected to a record low.

US Mar CPI rose +3.3% y/y, the biggest increase in two years, but below expectations of +3.4% y/y.  Mar core CPI rose +2.6% y/y, below expectations of +2.7% y/y.

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