Analysts: Manufacturing data brings the dollar back to its trough

Analysts at financial website Forexlive: The dollar is in a trough again, stocks are stable, but the dollar is weak. The dollar's decline is accelerating, which is an ominous sign. The latest round of declines comes after the Dallas Fed manufacturing index fell to its lowest level since May 2020. The report is filled with concerns about tariffs and uncertainty in the real economy. The market is weighing whether all this poor confidence data really signals an impending economic slowdown, and every data point like this undermines the case for bullish growth, especially after the stock market and the dollar rallied sharply last week.