The dollar index (DXY00) today is down by -0.13%. The dollar today fell from a 2-1/2 week high and is moderately lower. Uncertainty over President Trump's tariff plans has sparked long liquidation in the dollar. The dollar is also under pressure on reports that US reciprocal tariffs scheduled to be imposed on April 2 would be more targeted than widespread tariffs originally threatened, easing inflation concerns that could allow the Fed to keep cutting interest rates. The dollar remained lower after US Mar consumer confidence fell to a 4-year low, and Feb new home sales rose less than expected,
The US Jan S&P CoreLogic composite-20 home price index rose +4.67% y/y, below expectations of +4.80% y/y but the fastest pace of increase in 5 months.
