Monthly Archives: September 2023
Softer Job Data Hammers Dollar
Written on September 4, 2023 at 3:47 am, by jonywang
The decline in U.S. JOLTs Job Openings signals a cooling labor market, leading to a significant setback of nearly 5% for the dollar. In an unexpected turn, the U.S. JOLTs Job Openings report displayed a decline from its previous reading of 9.17 million to the current figure of 8.83 million, signalling a cooling labour market.Continue Reading
U.S. Economic Data Continue To Dampen Dollar’s Strength
Written on September 4, 2023 at 3:47 am, by jonywang
Downbeat U.S. economic data continue to hammer the dollar and is struggling to hold above $103 trajectory The United States continues to release disappointing economic data, leading to a further weakening of the dollar’s strength. The labour market’s cooling trend is evident as the ADP Nonfarm Employment Change figures declined to 177k, a significant dropContinue Reading
Dollar Surge on Above Expectation Job Data
Written on September 4, 2023 at 3:46 am, by jonywang
Dollar strengthened as U.S. economic data including PCE and initial Jobless Claims better than than market expectation. The U.S. equity market’s winning streak ended as the Dow Jones closed about 0.5% lower due to mixed economic data. The Fed’s preferred inflation measure, the PCE index, matched market forecasts at 4.2%, while Initial Jobless Claims fellContinue Reading
