Dollar strengthened on US business improvement and tariff progress, positive for market.

From Yahoo Finance: 2025-03-23 21:32:00

The dollar surged against the euro and yen on Monday after U.S. business activity improved in March and Trump signaled flexibility on tariffs. Bitcoin hit $88,772, its highest since March 7. S&P Global’s U.S. Composite PMI Output Index rose to 53.5, showing expansion. Services sector growth offset manufacturing contraction. Trump plans tariffs on autos, aluminum, and pharmaceuticals. Dollar gains reflect optimism over tariffs. Eurozone business activity grew, but euro slipped on fiscal concerns. Sterling rose ahead of UK budget update; Turkish lira weakened on political turmoil. U.S. and Russia discuss Black Sea ceasefire.



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