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Analysts: Manufacturing data sends US dollar back to trough

Online reports, analysts at financial website Forexlive: The US dollar has fallen into a trough again, the stock market is stable, but the US dollar is weak. The dollar's decline is accelerating, which is an ominous sign. The latest round of declines came after the Dallas Fed's manufacturing index fell to its lowest level since May 2020. The report is rife with concerns about tariffs and uncertainty about the real economy. Markets are weighing whether all of these poor confidence data really portend an imminent slowdown, and each such data point undermines the reason for optimism, especially after stocks and the dollar rebounded sharply last week.

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