[Analyst: Manufacturing data caused the dollar to return to the trough] Analysts from the financial website Forexlive: The dollar has hit a low again, the stock market is stable, but the dollar is weak. The dollar's decline is accelerating, which is an ominous sign. The latest round of declines came after the Dallas Fed manufacturing index fell to its lowest level since May 2020. The report was full of concerns about tariffs and uncertainty in the real economy. The market is weighing whether all these poor confidence data really indicate an impending economic slowdown, and every such data point weakens the bullish case, especially after the stock market and the dollar rebounded sharply last week.
