Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The dollar index fell to a 2-month low


April, 05 2023
watermark Economic news

On Wednesday, the dollar index fell to its lowest value in two months after labor market data confirmed the view that the US Federal Reserve may not need to raise the rate even more.


According to statistics released yesterday, the number of vacancies in the United States fell in February to the lowest level in almost 2 years, which indicates that a higher rate is beginning to worsen the situation in the labor market. The monthly Vacancy and Turnover Survey (JOLTS) report showed that the number of vacancies fell by 632 thousand to 9.9 million.


Against this background, the dollar index collapsed to 101,090 points and reached a 2-month low. Analysts believe that the JOLTS data may be the first signs of weakness in the US labor market.


On Friday, the monthly Non-Farm Payrolls employment report from the US Department of Labor will be published. These data are very important, because the future rhetoric of the Federal Reserve System will largely depend on them.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.