- Analytics
- News and Tools
- Market News
- Soft US JOLTS numbers could see the Dollar hand back gains – ING
Soft US JOLTS numbers could see the Dollar hand back gains – ING
The US Dollar Index (DXY) is now trading above 105.00 and is at its strongest level since the middle of last November. Economists at ING analyze USD outlook.
JOLTS data in focus
Any reversal in this dollar strength (if it does come) will have to be data-driven. In addition to this Friday's release of March NFP job numbers, we would pick out today's JOLTS (job opening figures) as an important data release this week.
Markets expect a slightly lower JOLTS job opening figure today, but any sharp slowing in the job vacancy rate would suggest a much better balance in the jobs market and less pressure for higher wages. We see this data as a potential market mover which, if soft, could reverse some of the Dollar gains seen late last week.
Unless, however, today's JOLTS data does come in soft, wider US rate differentials warn that DXY can comfortably trade above the 105.00 area through the early part of the week.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
