BREAKING: USD weakens after JOLTs and factory orders data

The number of job openings in the United States decreased to 10.053 million in August from an upwardly revised 11.70 million in the previous month and abelow market expectations of 10.775 million. The largest decreases in job openings were in health care and social assistance (-236,000), other services (-183,000), and retail trade (-143,000). Meanwhile, some 4.2 million Americans quit their jobs in August, little changed from the prior month, with the so-called quits rate unchanged at 2.7%.

Source: Refinitiv

Factory orders in the US  decreased 0.0 % in August, missing market forecast of a 0.1% rise.

Durable goods orders -0.2% vs -0.2% prelim

Durable goods orders non-defense ex-air +1.4% vs +1.3% prelim

Durables ex transport +0.3% vs +0.2% prelim

Factory orders ex-transport +0.2% vs -1.1% prior

EURUSD broke above local resistance at 0.9940 after release of today’s data pack. Source:xStation5