
The dollar index (DXY00) this morning is down by -0.27%. The dollar today fell back from a 4-1/2 month high and is moderately lower. Today's strength in the euro sparked long liquidation in the dollar. The dollar is seeing underlying support from today’s better-than-expected US factory orders and job openings reports. Also, higher bond yields are bullish for the dollar after the 10-year T-note yield today rose to a 4-month high.
US Feb JOLTS job openings unexpectedly rose +8,000 to 8.756 million, showing a stronger labor market than expectations of a decline to 8.730 million.