The dollar may have limited downside ahead of the Federal Reserve's decision due to strong employment data

According to Jin Ten's report, Chris Turner from ING stated in a report that if the U.S. October JOLTs job openings data released tonight is better than expected, the dollar is likely to strengthen. The market currently widely expects the Federal Reserve to cut interest rates this week, but is cautious about further rate cuts.

He pointed out that given the market's pricing for further easing by the Federal Reserve remains fragile, there is limited downside for the dollar ahead of the Fed meeting. If there are any positive surprises in Tuesday's data, the dollar index (DXY) could rise to 99.3.