The number of job openings reached 5 million at the end of December, as expected. The number of quits stood at 2.7 million.Wholesale inventories rose 0.1% in December. The IBD/TIPP Economic Optimism dropped to 47.5 points.
The dollar is not showing a big reaction in the immediate aftermath.
The US was expected to report over 5 million job openings in the month of December. The number of quits, which can be seen as a sign of confidence within the labor market, is also important. While the data lags the Non-Farm Payrolls, it is important as the Fed eyes it as part of its wide range of indicators.
Before the publication, the US dollar was moving higher.
EUR/USD traded around 1.13 on Greek headlines, GBP/USD was stable around 1.5230, USD/JPY was on the rise at 119.45, USD/CAD traded around 1.2520, AUD/USD at about 0.7765 and NZD/USD under 0.74.
The latest Non-Farm Payrolls report was absolutely excellent on all accounts: a gain of 257K jobs in January, revisions worth a net positive of 147K and a bounce in wages after some worries in December.
More data:
- IBD/TIPP Economic Optimism was predicted to remain at around the 51.5 points seen last month.
- Wholesale Inventories carried predictions for a rise of 0.2%.
In our latest podcast, we do an Aussie Analysis, Greek Grindings and Oil Optimism.
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