DOLLAR RISES STRONGLY AHEAD OF IMPORTANT DATA MUFG BANK REVEALS SECRET BEHIND 4% RISE IN OCTOBER
Dollar Index Rises: The US dollar index increased, reaching 104.470 against other major currencies.
Time and Data: This rise happened just before the US market opened and the release of the JOLTs and Redbook data.
Currency Movements:
Dollar-Yen: The dollar rose 0.34% against the yen, hitting 153.8.
Euro-Dollar: The euro fell 0.35% against the dollar, down to 0.8306.
Shekel-Dollar: The Israeli shekel dropped 0.57% against the dollar.
Trade Deficit Impact: The US trade balance showed a larger deficit than expected, at -108.23 billion dollars instead of -95.9 billion, which supported the dollar’s rise.
