The US dollar saw a modest rebound after experiencing a steep decline, as market participants weighed a mix of economic data. A subdued move in Treasury yields also tempered upward momentum for the greenback.
October's non-defense capital goods orders, excluding aircraft, declined, pointing to cooling business investment. The Chicago PMI reported its sharpest contraction in six months, underlining a deceleration in economic activity.
Easing tensions in the Middle East and Eastern Europe could reduce demand for safe-haven assets, including the greenback, potentially influencing future market movements.
Despite its latest retracement, the US dollar remains near a high after a strong surge since the beginning of October, indicating resilience amidst economic data fluctuations.
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