The dollar index (DXY00) today is up by +0.33% at a 1-1/2 week high. The dollar has carryover support from Monday when Fed Chair Powell said the FOMC is in no hurry to cut interest rates. Also, weakness in the euro is boosting the dollar after EUR/USD slid to a 1-1/2 week low today after Eurozone consumer prices rose at the slowest pace in 3-1/2 years. Escalating Middle East tensions are boosting safe-haven demand for the dollar after US intelligence said Iran is preparing to launch a ballistic missile attack against Israel imminently. Today’s US economic news was mixed for the dollar.
The US Aug JOLTS job openings rose +329,000 to 8.04 million, showing a stronger labor market than expectations of 7.693 million.
