India, July 1 -- The U.S. dollar strengthened against its major counterparts in the New York session on Tuesday, as economic data came in above estimates and Federal Reserve Chair Jerome Powell maintained a data-dependent approach to rate cuts.
The ISM manufacturing PMI edged up to 49.0 in June from 48.5 in May. Economists had expected the index to rise to 48.8.
U.S. job openings rose to 7.77 million in May, up from April's reading of 7.39 million. The reading was forecast to rise to 7.32 million.
Speaking at a central banking forum in Sintra, Portugal, Powell said that the central bank would have lowered interest rates by now if not for President Donald Trump's tariff policy.
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