{"id":87321,"date":"2024-07-03T11:42:10","date_gmt":"2024-07-03T08:42:10","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=87321"},"modified":"2026-02-06T13:09:32","modified_gmt":"2026-02-06T11:09:32","slug":"jolts-come-in-higher-than-expected","status":"publish","type":"post","link":"https:\/\/www.smartchinaeducation.com\/es\/jolts-come-in-higher-than-expected\/","title":{"rendered":"JOLTS come in higher than expected"},"content":{"rendered":"

In the US the JOLTS job openings figure for May came in higher than expected, at 8.140M versus the expected figure of 7.960M. The better-than-expected figure may imply a tight labour market and thus may increase pressure on the Fed to maintain interest rates at their current levels for a longer time period than expected by analysts. As such market attention now turns to the ADP Non-Farm payrolls figure for same month, where should it also imply that the labour market remains tight, we may see the dollar gaining. However, should it imply a loosening labour market it could instead weigh on the dollar. Fed Chair Powell\u2019s comments yesterday underscored the bank\u2019s hesitancy to start cutting rates, despite the implications that the labour market may be cooling down. As such, should further policymakers adopt a relatively more hawkish sentiment, it could provide support for the greenback. Over in Europe, we would like to note that the EV tariffs imposed by the EU against China will be coming into effect tomorrow. ECB President Lagarde reiterated that the bank\u2019s rate-cutting path is set to be a bumpy ride ahead, which may provide support for the EUR should further policymakers echo the aforementioned remarks.<\/p>\n\n\n\n

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