USD extends comeback after excellent JOLTs report


The US dollar recovered on Friday after the Non-Farm Payrolls came out slightly better than expected. And also today, the greenback enjoys a positive jobs report.

The JOLTs job openings report for June jumped to 6.163 million, far better than around 5.7 million expected. While this is a lagging report (the NFP was for July), the Fed focuses on this report and sees it as a wider measure of employment.

This is not only above the round 6 million level but also a new record high. The level of quits, seen as a sign of confidence

After a quiet start to the week, this report triggers further dollar buying.

A correction was necessary after the big dollar sell-off. Is this still a correction or a change of course?

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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