The dollar index (DXY00) today is down by -0.29%. The dollar is sliding today on speculation that weak US labor market news this week, including the August JOLTS job openings, the September ADP employment change, and the September nonfarm payrolls, will prompt the Fed to continue cutting interest rates. Also, the looming risk of a US government shutdown on Wednesday is weighing on market sentiment toward the dollar. The dollar recovered from its worst level after Aug pending home sales rose more than expected by the most in 5 months.
US Aug pending home sales rose +4.0% m/m, stronger than expectations of +0.4% m/m and the biggest increase in 5 months.
