The dollar is back in the doghouse

US greenback losses are accelerating in an ominous signal right now. The most recent leg decrease got here after the Dallas Fed manufacturing index fell to the bottom since Could 2020.

The report was affected by angst about tariffs and uncertainty in the true economic system. The market is weighing whether or not all of the poor sentiment numbers are really indicative of a looming financial slowdown and each knowledge level like this undermines the bullish case, significantly after a giant bounce in shares and the greenback final week.

Within the greater image, the market is struggling to know the purpose of tariffs. Is it:

1. To get higher commerce offers
2. To boost income

It may well’t be each of these issues and feedback like this from Trump on the weekend emphasize the income facet.