US Dollar Price Forecast: Dollar Steadies After JOLTS Beat – GBP/USD and EUR/USD

Market Overview
The US Dollar Index is trading close to $99.25, stabilizing after Monday’s mixed economic releases. The dollar managed to recover part of last week’s losses as traders reassessed labor-market strength and positioned cautiously ahead of mid-week wage and inflation-linked indicators.

Yesterday’s price action reflected limited conviction, but the stronger JOLTS report helped the dollar avoid deeper downside pressure.

Tuesday’s Data Recap: Labor Signals Show Mixed Momentum
The session opened with a modest improvement in business sentiment, as the NFIB Small Business Index rose to 99.0, slightly above expectations and higher than the previous 98.2 reading. Labor indicators delivered a more complex picture. ADP Weekly Employment Change came in at 4.8K, improving from last week’s –13.5K but still soft relative to broader employment trends.

The standout figure was the JOLTS Job Openings reading at 7.67M, beating the 7.14M forecast and nearly matching last month’s 7.66M. The stronger-than-expected job openings number signaled resilience in labor demand, helping support the dollar. Meanwhile, the CB Leading Index held steady at –0.3%, matching both forecasts and last month’s print, underscoring the economy’s slowing forward momentum.