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The USD moves higher after JOLTs and ISM show better employment

The ISM Manufacturing Index saw the employment component will back above the 50 level at 51.4 versus 48.4 last month. Meanwhile the JOLTs data also came in a stronger and suggest that employment remains at the worst steady. With the unemployment rate in the US at 3.7% - near historic low levels - the Fed is looking for an uptick in 2023 to ease tightness and the potential for higher wages. The data did was not encouraging on that front (or at least not any worse).

Looking at the US doll... Read More

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Posted: Jan 4 2023, 15:38

Author Name: forexlive

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