EUR/USD: JOLTS Job Openings, FOMC Meeting Minutes

Source: Dukascopy Bank SA

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EUR/USD fell slightly after the weak JOLTS openings report, though the decrease was offset twice as the pair remained in the bullish run, which was confirmed after the FOMC Meeting Minutes' release. Following the second publication, the US Dollar lost against the European single currency 10 base points to return in the area above the 1.8550 mark.

The JOLTS survey showed that the number of the US job openings declined to 6.08M in August, from a downwardly revised figure of 6.14M in the prior month, facing negative impacts coming from the Hurricane Harvey. Subsequent release of the Fed meeting minutes revealed that some central bankers remained concerned on persistently weak inflation growth, which is likely to determine the need of the interest rate hike.

Historical Data Table:  JOLTS Job Openings 
           
Date 06.06.2017 11.07.2017  09.08.2017  12.09.2017  11.10.2017
Actual 6.04M 5.67M 6.16M 6.17M 6.08M
Forecast 5.65M 5.98M 5.74M 5.96M 6.13M
           
Initial Reaction on Main Pairs 18:00 GMT
           
  Open Price Close Price % Change
AUD/USD 0.77742 0.77824 0.11%
EUR/USD 1.18441 1.18546 0.09%
USD/JPY 112.575 112.413 -0.14%
NZD/USD 0.70753 0.70801 0.07%

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