A quiet week for the US economy and the US dollar

As expected, it was another quiet day for US data releases. The only major release was the Job Openings and Labor Turnover (JOLTS) results, which came out better than expected and at a high since records began. This figure, especially when viewed alongside last week’s poor Non-Farm Employment Change data, shows that there are a significant amount of jobs available in the US.

We can expect much of the same for the rest of this week, with the only major data results due today being the weekly labor data, which is expected to post yet another stable figure.

If you are buying or selling US dollars, quieter times for the US currency are a good time to contact your trader to plan your currency strategy.