USA Dollar

Dollar Edges Lower and Gold Soars on Weak U.S. Economic News

The dollar index (DXY00) on Friday fell by -0.25%.  The dollar retreated from a 1-1/2 week high Friday and posted moderate losses on weaker-than-expected U.S. economic news on Feb ISM manufacturing, Jan construction spending, and the University of Michigan U.S. Feb consumer sentiment.  A decline in T-note yields Friday also weighed on the dollar.The U.S. Feb ISM manufacturing index unexpectedly fell -1.3 to 47.8, weaker than expectations of an increase to 49.5.  U.S. Jan construction spending unexpectedly fell -0.2% m/m, weaker than expectations of +0.2% m/m and the biggest decline...
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