The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is falling flat after the US data release. Clearly, market participants are not fond of the Greenback at this moment amidst tariff uncertainty.
Richmond Federal Reserve (Fed) Bank President Thomas Barkin said the economic reading is wrapped in a thick fog and is unclear for the Fed to read where rates should go, while recession fears are still on the table, CNBC reports.
The economic data releases for this week could get things moving in the runup to the Nonfarm Payrolls data to be published on Friday.
For this Tuesday, the US JOLTS Job Openings for Februaryand the US Institute for Supply Management (ISM) March Manufacturing data saw some softening releases.This could be the starting point of the US economy starting to roll over.
Source: FXstreet
