A small disappointment in the US: JOLTS advanced less than expected in June to 4.671 million, less that expected. Also May’s figure was revised to the downside: 4.577 million. The US JOLTs Job Openings report was expected to show a rise to 4.74 million in June from 4.64 in May (before revisions). The Fed puts emphasis on this number, despite the late release in comparison to the Non-Farm Payrolls.
Before the publication, EUR/USD traded at around 1.3350, up from the lows seen earlier in the day, GBP/USD was around 1.6785 and USD/JPY traded just over 102.Currency reaction is relatively muted, as this wasn’t a huge surprise.
The US dollar has been generally stronger, but didn’t break new ground against any currency so far this week. Despite the summer vacations, volatility is up from the bottom.
Tomorrow we have the release of retail sales for July, which will give an indication about consumption in the third quarter of the year.
For reference: Trading the JOLTS with GBPUSD.
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