US Dollar Suddenly Collapsing, These 2 Key Data Are The Attention Of 'Traders'!

<p>&nbsp;The number of available jobs in the United States shrank for the third month in a row, falling below 9 million for the first time since early 2021, according to the latest data released on Tuesday by the Bureau of Statistics.</p><p><br /></p><p>Job openings fell from 9.165 million in June to 8.827 million based on the BLS and Job Openings Survey reports. It was the lowest number of openings since March 2021. Economists had expected job openings to fall to 9.465 million, based on Refinitiv's consensus estimate.</p><p><br /></p><p>JOLTS data for July showed that the number of new hires fell from 5.94 million to 5.773 million and layoffs rose to 1.555 million from 1.551 million.</p><p><br /></p><p><br /></p><p>The Federal Reserve has been hoping for more slack in the labor market, as an imbalance between the demand and supply of workers could cause wages to rise and, ultimately, add pressure on inflation. The central bank has tried to tame higher prices by raising interest rates in an effort to fight inflation.</p><p><br /></p><p>On the other hand, consumer sentiment in the US declined in August, with the Consumer Confidence Index falling to 106.1 from 114.0 (revised from 117.0) in July.</p><p><br /></p><p>The US dollar index, which measures the greenback's strength against six major currencies, fell by 0.27% to a trading level of 103.707.</p>