The dollar index (DXY00) this morning is down by -0.35% and posted a 1-week low. The dollar is under pressure as the euro strengthened after today’s news that the Eurozone Apr S&P composite PMI expanded by the most in 11 months. Strength in stocks today has also curbed liquidity demand for the dollar. The dollar extended its losses after today’s US Apr manufacturing PMI report unexpectedly contracted. The US Apr S&P manufacturing PMI unexpectedly fell -2.0 to a 4-month low of 49.9 versus expectations of an increase to 52.0. US Mar new home sales rose +8.8% m/m to a 6-month high of 693,000, str…