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Barchart
Barchart
Rich Asplund

Dollar Turns Lower on Weak US Economic News

United States ISM Economic Growth eurozone Gold silver ECB Euro

The dollar index (DXY00) today is down by -0.10%.  The dollar today gave up an early advance and turned lower after today’s US job openings and ISM reports were weaker than expected.  The dollar is also under pressure due to concerns that US tariffs would derail economic growth. 

The dollar today initially moved higher as US tariff concerns weighed on equity markets and boosted safe-haven demand for the dollar.  Dovish Eurozone inflation news today also weighed on EUR/USD to benefit the dollar. 

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