Dollar's Sudden Slump: A Sign of Weakness in the Global Economy? The dollar's recent decline has sent shockwaves through financial markets. On Friday, it fell from a 7 week high, finishing down by 0.
03%, a relatively small move considering its implications. Weaker than expected US economic news was the primary culprit behind the dollar's decline. US manufacturing production unexpectedly fell 0.
3% month over month in August, while leading indicators declined 0. 1%. These numbers are a far cry from the +0. 3% m/m growth that economists had predicted for manufacturing production and the +0.