
The dollar index (DXY00) today is down by -0.13%. The dollar is under pressure due to President Trump’s announcement Wednesday evening of 25% tariffs on US auto imports, which may undercut US economic growth. The dollar also fell on today's dovish economic news, which showed that US Q4 personal consumption and the Q4 core PCE price index were revised lower. Losses in the dollar were limited by stronger-than-expected US economic news, including the GDP revision, weekly jobless claims, and Feb pending home sales.
US weekly initial unemployment claims fell -1,000 to 224,000, showing a slightly stronger labor market than expectations of an increase to 225,000.