The dollar index (DXY00) today is down by -0.25%. The dollar today is moderately lower due to the strength of the euro. Losses in the dollar accelerated after the US Jun ISM manufacturing index and May construction spending unexpectedly declined. Dollar losses are limited due to higher bond yields and weakness in the yen, which tumbled to a new 37-year low against the dollar today.
The US Jun ISM manufacturing index unexpectedly fell 0.2 to a 4-month low of 48.5, weaker than expectations of an increase to 49.1. The Jun ISM price paid sub-index fell -4.9 to a 6-month low of 52.1, weaker than expectations of 55.9.
