JOLTS causes USD move

Source: Dukascopy Bank SA


The monthly publication of the Bureau of Labor Statistics Job Openings and Labor Turnover Survey results have moved the financial markets via the US Dollar's value.

Namely, the survey has revealed that there are 7.67 million available jobs in the United States. However, the markets expected the reading to show 8.09 million available jobs.

Due to this reason, the value of the Dollar declined, as the data indicates that the US jobs market is worse than expected and the Federal Reserve might need to cut interest rates more than expected.
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