Dollar Pushes Higher on Strength in Oct JOLTS Jobs Report

The dollar index (DXY00) today is up by +0.20%.  The dollar is moving higher due to short covering ahead of the 2-day FOMC meeting that begins today.  The dollar gained ground today after the Oct JOLTS job openings unexpectedly rose to a 5-month high, a hawkish factor for Fed policy.  The dollar's near-term upside is limited amid expectations that the Fed will cut the federal funds target range by 25 bp at the conclusion of the Tue/Wed FOMC meeting. President Trump said last that he will announce his sele ...