Dollar plummeted due to JOLTS report

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Source: Dukascopy Bank SA


At 14:00 GMT, the Job Openings and Labor Turnover Survey results were published. It revealed that in the United States instead of 9.49 million job openings there are only reportedly 8.83 million jobs available.

Due to the news, the US Dollar plummeted in value. Over the span of five minutes the Dollar index lost 0.38% or almost 40 base points. The decline was attributed to the fact that weak US economic data indicates that the US Federal Reserve would not need to tighten monetary policy as much as previously expected.
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