US Job openings for August were lower than expectations, fueling sentiments that the labor market might be cooling. August JOLTS came in at 10.053 million against a consensus estimate of 10.775 million. However, this data is from a single source as nonfarm payroll data is due this Friday and might proffer a more credible hint as to future Fed policy.
However, markets have latched onto the narrative of a pivot following this print, with risk moving higher and yields lower. The US Dollar Index (DXY) has been dwindling of late as US Treasury yields have cooled. Although, it scaled to 114.00 in the week after the September FOMC meeting. DXY has fallen from its heights as the terminal rate for the Federal Reserve has come in by roughly 30 basis points (bps).
After falling through support below the 112.00 psychological level, the price has continued to cascade lower. Bears now eye the 110.60 level, which was supported on September 21.
US Treasury yields came in late as market participants looked to price in a less aggressive Federal Reserve. The market has latched on to the recent Bank of England emergency action and last night’s dovish hike from the Reserve Bank of Australia. These developments seem to have fostered the debate about whether the Federal Reserve will follow suit.
This Post Has 14 Comments
doxycycline 100 mg tablet cost: doxycycline 100mg for sale – doxycycline 40 mg capsules
buy cheap doxycycline: can you buy doxycycline over the counter uk – doxycycline india
paxlovid buy: paxlovid buy – Paxlovid buy online
cost doxycycline 100mg: doxycycline for sale – 20 doxycycline
п»їpaxlovid: Paxlovid over the counter – paxlovid covid
paxlovid price: paxlovid pill – п»їpaxlovid
cost of clomid pills: where can i get clomid now – can i buy generic clomid without insurance
https://canadapharmast.online/# trusted canadian pharmacy
mexican rx online [url=http://foruspharma.com/#]mexican online pharmacies prescription drugs[/url] mexico drug stores pharmacies
https://canadapharmast.online/# canadian pharmacy online
online pharmacy india [url=http://indiapharmast.com/#]india pharmacy mail order[/url] pharmacy website india
top online pharmacy india [url=http://indiapharmast.com/#]india pharmacy mail order[/url] india pharmacy
http://indiapharmast.com/# reputable indian online pharmacy
mexico drug stores pharmacies
https://cmqpharma.online/# mexico pharmacies prescription drugs
reputable mexican pharmacies online