The dollar index (DXY00) on Thursday rose by +0.57%. The dollar on Thursday rallied to a 1-week high as weakness in stocks boosted liquidity demand for the dollar. The dollar is also finding support as a safe haven from the turmoil in the banking sector after PacWest Bancorp plunged when it said deposits fell last week.
The U.S. Apr final-demand PPI eased to a 2-year low of +2.3% y/y from +2.7% in March, weaker than expectations of +2.5% y/y. The Apr PPI ex-food and energy eased to a 2-year low of +3.2% y/y from +3.4% y/y in March, weaker than expectations of +3.3% y/y.
