US Dollar Index Higher on JOLTs Data
<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Daily Market Commentary" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/05/US-dollar.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>Hiring was unchanged at around 5.9m (3.7%); total separations, which, according to the <a href="https://www.leaprate.com/forex/market-news/daily-market-news-opec-and-russia-compromise-on-oil-output/" target="_blank" rel="noopener">Bureau of Labour Statistics</a> (BLS), include quits, layoffs, discharges and other separations, was also little changed at 5.7m (3.6%). The quit rate came in at 3.6m and was almost the same as the previous month at 2.3%. The BLS noted that the number of quits increased in accommodation and food services, finance and insurance, as well as state and local government.</p>
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<p>Markets were not totally reactive on the back of this release. However, it did initially guide major US equity indices lower and lift the US Dollar Index to fresh YTD pinnacles, pulling price action to within striking distance of resistance on the daily timeframe at 107.61. The release also sent the USD/JPY beyond the ¥150.00 handle for the first time since October 2022 and weighed on the EUR/USD further under monthly support at $1.0516.</p>
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<p>As seen from the monthly and daily charts below, the US Dollar Index demonstrates room to continue exploring higher levels.</p>
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<p><strong> <img decoding="async" class="size-large wp-image-450683 aligncenter" src="https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-US-Dollar-Index-Higher-on-JOLTs-Data-5272259971.jpeg-700×339.png" alt="" width="700" height="339" srcset="https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-US-Dollar-Index-Higher-on-JOLTs-Data-5272259971.jpeg-700×339.png 700w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-US-Dollar-Index-Higher-on-JOLTs-Data-5272259971.jpeg-250×121.png 250w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-US-Dollar-Index-Higher-on-JOLTs-Data-5272259971.jpeg-768×371.png 768w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-US-Dollar-Index-Higher-on-JOLTs-Data-5272259971.jpeg-120×58.png 120w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-US-Dollar-Index-Higher-on-JOLTs-Data-5272259971.jpeg-245×119.png 245w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-US-Dollar-Index-Higher-on-JOLTs-Data-5272259971.jpeg-500×242.png 500w, https://www.leaprate.com/wp-content/uploads/2023/10/FIN-LP-US-Dollar-Index-Higher-on-JOLTs-Data-5272259971.jpeg.png 1379w" sizes="(max-width: 700px) 100vw, 700px" /></strong></p>
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<p><strong>DISCLAIMER:</strong></p>
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<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/market-news/us-dollar-index-higher-on-jolts-data/">US Dollar Index Higher on JOLTs Data</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>
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