The dollar index hovered around 98.3 on Tuesday, remaining near two-month lows as investors positioned ahead of the combined October and November jobs report, which was delayed by the government shutdown. Retail sales data and preliminary manufacturing indicators are also due later today, while the November consumer price index will be released on Thursday. The upcoming labor market data is expected to provide fresh insight into employment conditions in recent months and could influence expectations for Federal Reserve monetary policy next year. Markets are currently pricing in a 75.6% probability that the Fed will keep rates unchanged at its January meeting. Traders also weighed declining odds that Kevin Hassett could replace Powell, following reports that President Trump’s advisers are instead backing candidates perceived as more independent. Elsewhere, investors are preparing for a series of policy decisions from other major central banks this week, including the BOJ, BOE and ECB.
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Aluminum Extends DeclineApril 20, 2026
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