Dollar Spot Index climbs to 99.61 near two-week high as July job openings hold at 7.3 million
AI Market Summary
U.S. JOLTS openings holding near 7.3M and hawkish Jackson Hole messaging lifted September hike odds to 74%, pushing U.S. yields higher and supporting the dollar near a two-week high. Softer Eurozone core CPI weighed on EUR, reinforcing rate-differential dynamics. USD strength and rising rates can tighten global financial conditions and pressure risk assets in the short term, while markets focus on upcoming ADP, NFP, and CPI.
Impact level
● High
Affected assets
NCSIDXY2USD/USDT+0.26%
AI Insight · NCSIDXY2USD/USDTAI Insight
▲ Bullish
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The Dollar Spot Index rose about 0.2% to around 99.61, near a two-week high, after the July JOLTS report showed U.S. job openings were steady at 7.3 million. The resilient labor data reinforced expectations for a Federal Reserve rate increase, with markets pricing a 74% chance of a hike at the Sept. 17 meeting. The euro slipped to $1.1592 after Eurozone core CPI eased to 2.4%. Fed Chair Kevin Warsh reiterated at Jackson Hole that the central bank remains committed to bringing inflation back to its 2% target.
