The dollar index (DXY00) rose by +0.12% on Tuesday. The dollar found support Tuesday as T-note yields moved higher on better-than-expected US economic news, including Sep JOLTS job openings and Sep factory orders. Also, the Chinese yuan fell to a 1.5-week low against the dollar on Tuesday after the PBOC raised the foreign reserve requirement ratio and asked banks to hold more foreign-currency reserves. The dollar fell from its best level after crude oil prices dropped to a 2-week low, which weakened inflation expectations that could prompt the Fed to ease monetary policy, a negative factor for the dollar.
US Sep JOLTS job openings rose +333,000 to a 4-month high of 7.523 million, showing a stronger labor market than expectations of 7.164 million.
