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USD ticks near 2-month low for weak economic data

April,05(Agencies)—— US dollar stuck near two-month lows on Wednesday as weak economic data bolstered views that the Federal Reserve is near the end of its monetary tightening cycle.Data overnight showed US job openings dropped to their lowest level in nearly two years in February, suggesting that labour market conditions were finally easing.Job openings, a measure of labour demand, were down 632,000 to 9.9 million on the last day of February, the monthly Job Openings and Labor Turnover Survey, or JOLTS report, showed. Economists polled by Reuters had forecast 10.4 million openings.The dollar index, which measures the currency against six peers, eased to a fresh two-month low of 101.43, after dropping 0.5% overnight.The euro was up 0.1...

April 5, 2023 at 8:58 pm | Economic Affairs