Fundamental Analysis

EUR/USD: JOLTS Job Openings, FOMC Meeting Minutes


EUR/USD fell slightly after the weak JOLTS openings report, though the decrease was offset twice as the pair remained in the bullish run, which was confirmed after the FOMC Meeting Minutes' release. Following the second publication, the US Dollar lost against the European single currency 10 base points to return in the area above the 1.8550 mark.

The JOLTS survey showed that the number of the US job openings declined to 6.08M in August, from a downwardly revised figure of 6.14M in the prior month, facing negative impacts coming from the Hurricane Harvey. Subsequent release of the Fed meeting minutes revealed that some central bankers remained concerned on persistently weak inflation growth, which is likely to determine the need of the interest rate hike.

Author: Dukascopy Swiss FX GroupWebsite:
Dukascopy Swiss FX Group
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