The dollar index (DXY00) today is down -0.42% at a 4-3/4 month low. The dollar has been under pressure since last week when the US announced tariffs on Canada, China, and Mexico, fueling concerns that a trade war will erupt and derail the economy. The dollar recovered from its worst levels today after US JOLTS Jan job openings rose more than expected. Also, continued weakness in stocks has boosted the liquidity demand for the dollar.
US Jan JOLTS job openings rose +232,000 to 7.74 million, higher than expectations of unchanged at 7.60 million and indicating weaker-than-expected labor market news.
