Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTRich AsplundTue, June 30, 2026 at 9:35 PM GMT+2 4 min readPile of money with hands by Sergey Nazarov via iStockThe dollar index (DXY00) on Tuesday rose by +0.07%. The dollar moved higher amid month- and quarter-end demand, with Tuesday being the last trading day of Q2. Also, Tuesday's decline in the yen to a 39-year low is dollar-supportive. In addition, higher T-note yields on Tuesday strengthened the dollar's interest rate differentials. Tuesday's US economic news was mixed for the dollar, with the May JOLTS job openings unexpectedly rising to a 2-year high, but the June Conference Board consumer confidence index rising less than expected.The US Apr S&P Cotality composite-20 home price index rose +1.14% y/y, stronger than expectations of +0.90% y/y.More News from BarchartDollar Retreats as Stocks RallyDollar Moves Lower as Equity Markets StrengthenDollar Climbs on Month- and Quarter-End DemandMarkets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines.The US Jun MNI Chicago PMI fell -6.0 to 56.7, a smaller decline than expectations of 55.1.The US Jun Conference Board consumer confidence index rose +0.6 to 91.2, weaker than expectations of 94.4.The US May JOLTS job openings unexpectedly increased by +9,000 to a 2-year high of 7.594 million, showing a stronger labor market than expectations of a decline to 7.296 million.The swaps markets are discounting the odds at 34% for a +25 bp rate hike at the next FOMC meeting on July 28-29.EUR/USD (^EURUSD)on Tuesday fell by -0.01%. The euro was under slight pressure on Tuesday from a stronger dollar. Also, Tuesday's weaker-than-expected German June CPI report may keep the ECB from raising interest rates and weighed on the euro. Losses in the euro were limited by Tuesday's stronger-than-expected reports on German May retail sales and June unemployment.German May retail sales rose +1.1% m/m, beating expectations of no change and the biggest increase in 11 months.The German Jun unemployment change unexpectedly fell -1,000, showing a stronger labor market than expectations of a +5,000 increase.German Jun CPI (EU harmonized) fell -0.2% m/m and rose +2.4% y/y, weaker than expectations of no change m/m and +2.5% y/y.The markets are discounting a +5% chance for a +25 bp rate hike by the ECB at its next policy meeting on July 23.USD/JPY (^USDJPY) on Tuesday rose by +0.40%. The yen remains under pressure and sank to a new 39-year low against the dollar on Tuesday. Concerns that the BOJ is falling behind the curve in normalizing monetary policy are weighing on the yen after recent comments from BOJ Deputy Governor Uchida, who said the BOJ will assess the impact of rate hikes on the economy, signaling it will move at a glacial pace on policy tightening. Also, Tuesday's weaker-than-expected report on Japan's industrial production was negative for the yen.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info