LONDONTOKYO, June 4 Reuters The dollar ticked up on Tuesday after falling to its lowest against the euro, sterling and Swiss franc since midMarch overnight as signs of a softening U.S. economy boosted the case for earlier Federal Reserve interest rate cuts.

Investors were looking towards U.S. job openings data later in the day, which will provide an insight into the state of the labour market and could push the U.S. currency lower.

The euro rose as high as 1.0916 for the first time since March 21 in the Asian trading session, but gave up some ground to stand 0.2 lower at 1.0886.

Sterling hit its highest since midMarch too at 1.2818 but was also last down 0.2.

As the U.S. currency found a footing, the dollar index was up 0.12 at 104.16, having fallen to its lowest since midApril overnight at 103.99.

Data on Monday showed a second straight month of slowdown in manufacturing activity and an unexpected decline in construction spending, causing the dollar index to fall around 0.6.

The dollar is starting to show signs of weakness, said Chris Turner, global head of markets at lender ING. Today39;s US JOLTS job openings data could determine whether recent dollar losses are… the start of an important new trend.

The U.S. job openings and labour turnover survey JOLTS is due out at 1400 GMT, or 10 a.m. ET, and will show the number of vacancies in May. It will also report on the number of people voluntarily quitting their job.

This figure had surged through the pandemic…