BREAKING: USD strengthens slightly after JOLTS and Consumer Confidence data

US Conference Board Consumer Confidence index decreased to 107.2 in March,  from the previous month's  110.5 and slightly above market expectations of 107.0.

Further details of the publication:

• Present situation 153.0 vs 145.1 prior (revised to 143.0)
• Expectations 76.6 vs 87.5 prior (revised to 80.8)
• Jobs hard to get 9.8 vs 11.8 prior
• One-year inflation 7.9% vs 7.0% prior

Job Offers in the United States increased to 11,266 million in Job in February from 11,263 million in January and compared with market expectations of 11 million. Job openings decreased in finance and insurance (-63,000) and in nondurable goods manufacturing (-39,000). Job openings increased in arts, entertainment, and recreation (+32,000); educational services (+26,000); and federal government (+23,000). Job openings decreased in the Midwest region and increased in the West region.

EURUSD is trading higher and however today’s data provided some fuel for bears. The main currency pair is currently testing a short-term support zone in the 1.1120 area. Source: xStation5