Feb 4 (Reuters) - The dollar index fell with Treasury yields on Tuesday after a report showing U.S. job openings fell the most in 14 months, signaling a slowing economy. While the Trump administration imposed an additional 10% tariff on China imports, fears of an impending global trade war abated. China imposed targeted tariffs on U.S. imports. Over 20,000 U.S. federal employees, roughly 1% of the government workforce, have signed up for an offer to quit their jobs. Outside of tariffs, focus this week is Friday's payrolls. EUR/USD rose above its 21-DMA as easing concerns about tariffs triggered short-covering and a sharp drop in volatility. Techs are positive following a bullish candle Monday as RSIs improve. The top of the 21-day Bollinger Band at 1.0506 is reasonable target on extension. Monthly hedging flows may have also helped to lift the common currency with about EUR10b of NDFs traded. The pound rose against the greenback but edged down versus the euro ahead of an expected Bank of England rate cut on Thursday. Further cable gains would see it test its 55-day moving average at 1.2512. USD/JPY fell back into its 153.37 to 154.82 Ichimoku cloud and set a new session low of 154.18 as Treasury yields retreated. The pair would be eyeing a January double-bottom at 153.72-.152.79 on further losses.
Treasury yields were down 1 to 5 basis points as the curve steepened. The 2s-10s curve was up about 2 basis points to +16.5bp.
The S&P 500 rose 0.5% fueled by tech shares. Crude fell 0.2%, paring a deeper loss after a U.S. official said "maximum pressure" would be put on Iran oil exports.
Gold rose 1.04% while copper gained 1.3%. Heading toward the close: EUR/USD +0.38%, USD/JPY -0.33%, GBP/USD +0.33%, AUD/USD +0.48%, =USD -0.58%, EUR/JPY +0.06%, GBP/JPY -0.04%, AUD/JPY +0.19%.(Editing by Burton Frierson Reporting by Robert Fullem)