The US dollar may strengthen if job data exceeds expectations

According to Shane Catcher, Chris Turner from ING pointed out in a report that the US dollar may strengthen if the October JOLTs job openings data, scheduled to be released tonight, exceeds expectations. The market currently anticipates a rate cut from the Federal Reserve this week, although there is caution regarding further rate cuts. Turner emphasized that the market's pricing for additional easing from the Federal Reserve remains fragile, indicating limited downside for the dollar before the Federal Reserve meeting. If Tuesday's data shows any positive surprises, the dollar index (DXY) may rise to 99.3.