U.S. Dollar Index is losing ground as traders react to JOLTs Job Openings report. The report indicated that JOLTs Job Openings decreased from 7.357 million in June to 7.181 million in August, compared to analyst forecast of 7.4 million.
In case U.S. Dollar Index settles back below the 98.00 level, it will head towards the support, which is located in the 97.10 – 97.30 range.
USD/CAD is mostly flat despite the strong rally in precious metals markets. Other commodity-related currencies are moving higher in today’s trading session.
If USD/CAD manages to settle above the 50 MA at 1.3795, it will move towards the resistance, which is located in the 1.3845 – 1.3860 range,
