The JOLTS report showing an increase in the US job openings failed to result in the strengthening of the Greenback against the Euro on Tuesday. The bullish sentiment remained in the currency pair, as it continued trading session above the 1.954 level.
The Labour Department released its JOLTS report for July, where the amount of job openings rose surprisingly to 6.17M, following a downwardly revised figure of 6.12M in June. Data showed that slower job growth was temporary, while a new record high for the number of job openings indicated that demand for workers continued to be strong. Moreover, the labour market kept tightening due to a lack of skilled labour supply, though remained in a healthy growth state.
| Historical Data Table: JOLTS Job Opening | |||||
| Date | 09.05.2017 | 06.06.2017 | 11.07.2017 | 09.08.2017 | 12.09.2017 |
| Actual | 5.74M | 6.04M | 5.67M | 6.16M | 6.17M |
| Forecast | 5.67M | 5.65M | 5.98M | 5.74M | 5.96M |
| Initial Reaction on Main Pairs | |||||
| Open Price | Close Price | % Change | |||
| AUD/USD | 0.80189 | 0.80262 | 0.09% | ||
| EUR/USD | 1.19463 | 1.19548 | 0.07% | ||
| USD/JPY | 110.044 | 109.946 | -0.09% | ||
| NZD/USD | 0.72795 | 0.72861 | 0.09% | ||