Analyst: Manufacturing data caused the dollar to return to the bottom

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MarsBit
04-28
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Mars Finance News, on April 28, Forexlive analysts stated that the US dollar has fallen into a low again, with stable US stocks but a weak dollar. The dollar's decline is accelerating, which is an ominous sign. The latest round of decline came after the Dallas Fed Manufacturing Index dropped to its lowest level since May 2020. The report is filled with concerns about tariffs and economic uncertainty. The market is weighing whether these poor confidence data truly signal an impending economic slowdown, with each data point undermining bullish arguments, especially after a significant rebound in US stocks and the US dollar last week. (Jinshi)

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