Dollar Slips as US Consumer Sentiment Tumbles to a Record Low

The dollar index is down 0.15% as weaker-than-expected University of Michigan US May consumer sentiment data hit a record low, pressuring the greenback. Strength in the Chinese yuan is also weighing on the dollar. The move reflects a modest risk-off reaction to softer US economic sentiment and FX crosscurrents rather than a major macro shock.

Analysis

The dollar index is down 0.15% as weaker-than-expected University of Michigan US May consumer sentiment data hit a record low, pressuring the greenback. Strength in the Chinese yuan is also weighing on the dollar. The move reflects a modest risk-off reaction to softer US economic sentiment and FX crosscurrents rather than a major macro shock.