Dollar Recovers Slightly; Weak U.S. Data Could Send it Back Down

Dollar Recovers Slightly; Weak U.S. Data Could Send it Back Down

The dollar edged higher, recovering after falling to its lowest in six weeks against a basket of currencies and against the euro at the start of the week.

However, weak U.S. JOLTS job openings and durable goods orders, due at 1400 GMT, could send the U.S. currency lower again, ING's Francesco Pesole says in a note.

"Another round of soft data, particularly in the labor market, can push the dollar back to its April lows," he said. Any renewed increase in U.S. government-bond yields would push the dollar lower still.