US Dollar Drops as Job Openings Hit 18-Month Low
The US dollar experiences a dip as job openings fall to 7.19 million, the lowest level recorded since September 2024. This decline influences traders’ focus on the EUR/USD and GBP/USD pairs, particularly with upcoming PCE inflation data on the horizon. As the US job market shows signs of weakening, investors should brace for potential volatility in these major currency pairs. Understanding the impact of labor statistics on market sentiment is crucial for effective trading.