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Rich Asplund

SHOCKING: Dollar falls as weak jolts report boosts fed rate cut chances | Mind Blowing Facts

US Federal Reserve Donald Trump Lisa Cook Merz Gold ECB Euro Inflation United States

The dollar index (DXY00) today is down by -0.35%.  Today's rebound in equity markets has curbed liquidity demand for the dollar.  Losses in the dollar accelerated as the chances for a Fed rate cut later this month increased after the Jul JOLTS job openings fell more than expected to a 10-month low.

US Jul JOLTS job openings fell -176,000 to a 10-month low of 7.181 million, showing a weaker labor market than expectations of 7.380 million.

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