Forex - U.S. Dollar Inches up After Job Openings Decline
10 September 2019, 13: 04
The U.S. dollar moved up modestly on Tuesday as job openings in the U.S. fell for the second-straight month.
The , which measures the greenback’s strength against a basket of six major currencies, gained 0.1% to 98.347 as of 9:49 AM ET (13:49 GMT).
slipped by 31,000 to a seasonally adjusted 7.2 million in July, the Labor Department said in its monthly Job Openings and Labor Turnover Survey, or JOLTS, on Tuesday.
increased by 130,000 jobs in August, down from a 159,000 gain in July, the government reported last Friday.
While the JOLTS numbers are a lagging indicator, it is used by the Federal Reserve to confirm the trend in the jobs market. Expectations for the Federal Reserve to cut interest rates by a quarter point this month remain priced in at 92%.
The Japanese yen, which is seen as a safe haven in times of market turmoil, fell with rising 0.1% to 107.30.
Sterling recovered slightly after the U.K. employment report showed solid wage growth and a decline in the unemployment rate. rose 0.1% to 1.2349 while fell 0.1% to 1.1039.