US dollar is trading strongly in the green against its counterparts.

The US Dollar (USD) trades higher on Tuesday, attempting to recoup Monday’s losses. As most major global markets fall, the greenback is surging, aided by significant safe-haven inflows. The move began during the Asian trading day. With the Indian Nifty index plunging more than 5%. As Prime Minister Narendra Modi’s victory appeared to be narrower than polls predicted.

Equity markets are reversing their good start to the week.

All eyes are on the economy. on certain key indications that could reinforce the slightly negative outlook for the US economy. The primary event will be April’s US JOLTS Job Openings Report. Although this is a lagging statistic. Job opportunities have been declining for several months in a row, and another drop might indicate the end of US exceptionalism.

Daily market movers: The going gets rough.The US Dollar Index recovers above 104.00 and maintains increases during the European trading day.

Just before of the US session, the US Dollar remains strong on the quotation board against its rivals, with just safe havens the Japanese Yen (USDJPY) and Swiss Franc (USDCHF) outperforming the Greenback in the broad risk-off surge that is taking place ahead of the US figures.
The Redbook Index for this week will be revealed at 12:55 GMT. The prior number indicated a 6.3% increase.
At 14:00 GMT, the JOLTS survey will be issued.
Job openings are likely to fall further in April to 8.34 million, down from 8.488 million the previous month.
Factory orders are predicted to rise 0.6% in April, less than the 1.6% increase reported in March.
The TechnoMetrica Institute of Policy and Politics (TIPP) will publish its Economic Optimism Index for June. The index is predicted to rise to 45.2 from 41.8 in May.
Equities are plunging worldwide, with Indian equities down more than 5%. European markets are down around 1%, while US equity futures are down less than 0.5%.
According to the CME Fedwatch Tool, Fed Fund futures pricing data implies that There is a 38.4% possibility that interest rates will remain constant in September, compared to a 52.6% chance of a 25 basis point (bps) rate cut and an 8.9% chance of a 50 bps rate cut. Since this week, an interest rate hike has no longer been considered a prospect. For the forthcoming meeting on June 12, futures are fully pricing in an unchanged outcome.
The benchmark 10-year US Treasury Note is trading around 4.39%, not far from its monthly low of 4.34%.