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Dollar Drifts Lower Against Major Counterparts As Weak Data Weigh

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The U.S. dollar drifted lower against most of its major counterparts on Tuesday, extending recent losses, as weak economic data raised speculation the Fed will soon stop its tightening cycle.

The dollar fell to multi-month lows against some of the major currencies.

Data from the Labor Department showed job openings in the U.S. decreased by more than expected in the month of February.

The report said job openings fell to 9.9 million in February from a revised 10.6 million in January. Economists had expected job openings to decline to 10.4 million from the 10.8 million originally reported for the previous month.

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