USD extends comeback after excellent JOLTs report

The US dollar recovered on Friday after the Non-Farm Payrolls came out slightly better than expected[1]. 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?

Get the 5 most predictable currency pairs[2]

from Forex Crunch http://feedproxy.google.com/~r/ForexCrunch/~3/77m6bMCdqWw/

from Online Forex Trading Resource
View thesource article here

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