Good news for the US job market: 5.13 million job openings in February. This improves the picture after the weak NFP. The better than expected number is also the best figure since way before the financial crisis. The quits level remained at around 2.7 million.
The USD is marginally stronger.
The US JOLTs job openings for the month of February was expected to stand at 5.01 million, very similar to the figure in January (before revisions). These numbers lag behind the NFP, but the Fed sees it as a broad measure of the employment situation.
The US dollar was making a comeback after the long Easter weekend. The markets see the weak NFP on Friday in a lighter light – more as a one off or at least not something that will derail the Fed.
At the same time, the IBD/TIPP Economic Optimism was published. The score was expected to stand at 49.1 for April, like in March. This reflects marginal pessimism.
EUR/USD traded around 1.0850, GBP/USD around 1.4875, USD/JPY at 120.18, AUD/USD around 0.7640, NZD/USD at 0.7520 and USD/CAD around 1.25.
In this week’s podcast, we feature an Interview with FXStreet President Francesc Riverola on the industry, volatility and more
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