It doesn’t take a rocket scientist to figure out that if business conditions are deteriorating, then the economy must be weakening.

The US dollar showed further weakness today, as the New York Manufacturing index plunged to minus 8.7 in June — a bigger decrease than forecast.

The greenback was already under pressure as soaring eurozone inflation boosted expectations of an imminent rate hike by the European Central Bank.

As market uncertainty feeds into exchange rate volatility, currency expert Sean Hyman suggests two safe havens in The Offshore A-Letter…