The dollar is still weaker than both sterling and the euro this week following the recent recovery sterling has made in the wake of Truss’s resignation.
Key data to watch out for will be the ISM manufacturing PMI for October and JOLTs job openings for September, which will both be released tomorrow afternoon.
The number of job openings in the US dropped to 10.1m in August (the lowest number since June 2021). Those figures were below market expectations of 10.775 million increase, but still above pre-pandemic levels, suggesting the demand for workers in the US remained strong. Job openings for September are expected to increase gently to 10.2m.
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