The U.S. dollar index fell by 0.53% on Tuesday, marking a decline from a 10.5-month high after President Trump indicated a willingness to end the war in Iran. The decrease follows a mixed bag of economic data: February JOLTS job openings dropped by 358,000 to 6.882 million, falling short of expectations, while the March consumer confidence index rose unexpectedly to 91.8.
Amid this backdrop, the January S&P Case-Shiller composite-20 home price index saw a year-over-year increase of 1.18%, weaker than the anticipated 1.38%. Additionally, the March MNI Chicago PMI fell by 4.9 points to 52.8, contrary to expectations of 55.0. The euro appreciated by 0.67% against the dollar on the same day, supported by a strong Eurozone CPI reading of 2.5% year-over-year, the highest increase in 14 months.
In Japan, the yen strengthened by 0.48% as the Bank of Japan announced a reduction in monthly bond purchases by 200 billion yen. However, Japanese economic data revealed a decline in February industrial production by 2.1% and retail sales falling by 2.0%. The March Tokyo CPI rose by 1.4%, below expectations of 1.6%, as the country reflects ongoing economic challenges.
