Starting trading at the opening of the early week yesterday, the US dollar is seen to still not show a clear direction of movement.
Analysts expect a mixed move by the US dollar as trading approaches the close for the month of October.
Looking at the focus indicator for the US dollar, the dollar index (DXY) retreated slightly to around 104,300 points from a height close to 104,600 previously.
Meanwhile, the 10-year treasury yield of the United States (US) is still hovering at a new height around the 4.30% level that was successfully achieved.
The absence of major economic data published on Monday also failed to drive the movement of major currencies, especially the US dollar.
Today (Tuesday), the focus will be on consumer confidence data in America which surveyed 3,000 households to assess the current spending situation and economic activity.
Also to be published together is JOLTS data which is of concern to the Federal Reserve (Fed) for setting their monetary policy.
This job component will count the number of job offers open in September with slightly lower forecast numbers than before.
This will be the first component of the jobs data the Fed will look at before following the ADP data on Wednesday and at the end of the week, the main focus will be on the NFP jobs report for October.
US economic growth data will also be watched on Wednesday to assess preliminary readings of growth for the third quarter of 2024.
