3:06 PM · 4 April 2023

Final JOLTS and US factory orders reading. USD is weakening 💵

At 5 PM GMT, we saw final macro readings about orders in US economy and JOLTS report from labor market. In February the US job openings was first time below 10 mln since May 2021 signalling weaker demand in US economy.

JOLTS: 9,931 MLN vs 10,5 MLN expected and 10,824 MLN previous
US Factory Orders: -0.7% MoM (forecast -0.5% MoM, previous -1.6% MoM)

Chart of EURUSD, M15 interval. After US macro reading USD is weakening. Źródło: xStation5

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