JOLTs job openings came out at 5.526 million in September, better than expected. Also August’s number was marginally revised to the upside.
However, the USD remains on the back foot, with EUR/USD lifting its head above 1.08. Yellen’s quiet stance is weighing, as she hasn’t responded to the excellent NFP quite yet.
US JOLTs job opening for September were expected to repeat the figure for August: 5.37 million. This is off the highs seen in July and earlier in the year.
The US dollar was weaker after Yellen refrained from talking about monetary policy. Other Fed speakers were bullish.
Expectations were not elevated as the Non-Farm Payrolls report for September was poor, contrary to the excellent October. Despite being a lagging report, it carries weight as the Fed watches it closely as a wider measurement of the labor market.
Earlier, jobless claims repeated the 276K figure seen last month.
More: EUR/USD: Scale of Fed tightening in 2016 to play a key role
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