The dollar index climbed to a 13-month high, rising 0.33%, as a sharp selloff in equity markets boosted liquidity demand for the greenback. The dollar also drew support from last Wednesday's FOMC projections for higher interest rates later this year. Mixed US economic data saw the June S&P manufacturing PMI unexpectedly rise to 55.7, its strongest in four years, while the Richmond Fed manufacturing survey fell to 4, below the 8 expected. The euro tumbled to a one-year low, down 0.43%, pressured by dovish comments from ECB President Lagarde, though hawkish remarks from ECB Chief Economist Philip Lane limited losses. The yen was nearly flat, with gains capped by concerns over the BOJ's slow policy normalization, while intervention risks rose after Japanese Finance Minister Katayama and US Treasury Secretary Bessent agreed to take bold steps on currencies if needed. Gold and silver prices sank to 1.5-week lows, with August COMEX gold down 1.15% and July COMEX silver down 4.83%, as the stronger dollar and equity-driven margin-call liquidations weighed on precious metals.