{"id":2015372,"date":"2023-08-29T12:08:01","date_gmt":"2023-08-29T16:08:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dollar-drops-after-jobs-data-yen-briefly-hits-10-month-low\/"},"modified":"2023-08-29T12:09:51","modified_gmt":"2023-08-29T16:09:51","slug":"dollar-drops-after-jobs-data-yen-briefly-hits-10-month-low","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dollar-drops-after-jobs-data-yen-briefly-hits-10-month-low\/","title":{"rendered":"Dollar falls due to jobs data, yen briefly at 10-month low."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdollar-drops-after-jobs-data-yen-briefly-hits-10-month-low%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2015372&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<h2>U.S. Dollar Falls as Job Openings Decline<\/h2>\n<p>By\u2063 Karen Brettell and Alun John<\/p>\n<p>NEW YORK (Reuters) \u2013 The \u200bU.S. dollar fell on Tuesday, reversing earlier gains, after \u200ddata showed that U.S. job openings fell in July, before \u2064this week\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stocks-tumble-after-september-jobs-report\/\" title=\"Stocks Tumble After September Jobs Report\">highly anticipated jobs report<\/a> for \u2063August.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p><strong>Job openings, a measure of labor demand dropped\u200d 338,000 to 8.827 million on\u2064 the last \u200bday of July, the lowest level since March 2021.<\/strong><\/p>\n<p>The data is \u201ca \u200dvery soft look at \u200blabor \u200cdemand as outright\u200c job openings continue to slide in response\u200c to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dollar-drops-after-jobs-data-yen-briefly-hits-10-month-low\/\" title=\"Dollar falls due to jobs data, yen briefly at 10-month low.\">increasingly\u2062 evident lagged impact<\/a> of higher policy rates,\u201d Ben Jeffery, an interest rate strategist at\u200d BMO \u200bCapital Markets \u200dsaid in a note.<\/p>\n<p>Against a basket of currencies, the dollar \u2063was last down 0.11% at 103.82. It is holding below the \u200d104.44 level reached on Friday, which was the highest since June 1.<\/p>\n<p>U.S. economic\u200d resilience has raised concern that the Federal Reserve could make further rate increases in\u200b an effort to bring inflation\u2063 back\u200d down closer to its\u200b 2% annual target.<\/p>\n<p>U.S. personal consumption expenditures on Thursday\u2063 and the August jobs reports on \u200cFriday are in focus \u2063this week \u200cfor further clues on the direction and strength of the U.S. economy.<\/p>\n<p>Other data on Tuesday showed that U.S. consumer confidence was below economists\u2019 expectations, and U.S. home prices\u200b rose on\u200b a monthly basis in June, while annual\u200d prices were\u200d unchanged.<\/p>\n<p>Federal Reserve Chair Jerome Powell said on Friday that further rate increases may \u200dbe needed to cool still-too-high inflation, but \u200balso promised to move \u200dwith care at upcoming meetings.<\/p>\n<p>Markets are\u2063 pricing\u200b in an 85% chance of the Fed standing\u200b pat on interest\u2062 rates\u200c next\u2063 month, \u200caccording \u200dto the CME\u200c Group\u2019s FedWatch Tool, but the odds of a\u2063 hike by the November\u200d meeting are \u2064now at around 56% compared with \u206246% a\u200d week earlier.<\/p>\n<p>The dollar briefly reached an almost 10-month high against the Japanese yen earlier on Tuesday as investors priced in the\u2062 likelihood of\u2062 a\u200b more hawkish \u200dFed.<\/p>\n<p>The Bank of Japan remains an outlier among global central banks with its loose monetary\u200d policy, even as it slowly\u2063 shifts away from yield\u2062 curve control.<\/p>\n<p>\u201cIt is moving\u200b away from \u200cexcessively loose monetary policy, \u200bbut it\u2019s doing so at a very slow\u200b and measured pace,\u201d said Bipan \u200cRai, North American head of FX strategy \u200dat CIBC Capital Markets in Toronto. \u201cIt\u2019s still punitive to \u2062be short dollar\/yen.\u201d<\/p>\n<p>The dollar \u2063hit 147.375 yen on Tuesday, the highest since \u2062Nov. 7,\u2063 and was last at 146.365, down 0.12% on the day.<\/p>\n<p>Traders are watching for\u2062 any signs of intervention by \u200bJapanese officials to shore up the ailing currency. Japan intervened in currency markets last\u2063 September when the dollar rose past 145 \u200cyen, prompting the Ministry of Finance to buy the yen\u200c and push the pair back to around 140 yen.<\/p>\n<p>Charu Chanana, \u200dmarket strategist at \u200bSaxo, said that\u200d the intervention threat has retreated at sub-150 levels, given a lack of currency-related\u2063 comments from Bank of Japan Governor Kazuo Ueda\u2064 at the Jackson Hole conference and no signs \u2064of verbal intervention yet.<\/p>\n<p>Concerns\u200c about China\u2019s weakening\u200b economy have \u2062also boosted the greenback in\u200d recent weeks,\u200b even as the yuan is being buoyed\u2063 by \u2063the Chinese central \u2063bank\u2019s month-long\u200c effort to set \u200bthe daily fixing at stronger-than-expected levels.<\/p>\n<p>\u201cIt does feel like we\u2019re heading toward \u200dthe risk\u200c of a liquidity trap in China and that risk premium\u2062 is being priced into the yuan \u200band that\u2019s helping\u2064 boost the dollar via \u200bsafe haven and\u2064 liquidity demand,\u201d said Rai. <\/p>\n<p>Eurozone inflation data due on\u200b Thursday\u200b may be key to\u2064 whether or not the European \u2064Central Bank hikes rates at its September\u2062 meeting, which in turn could set the\u2063 near-term tone for the euro. <\/p>\n<p>\u201cWe\u2064 have the \u2063euro zone \u2063CPI\u2064 report Thursday which the market is putting a great deal of\u2064 weight on\u2064 with the ECB\u2019s decision in September seen as finely balanced,\u201d said Lee Hardman, senior currency analyst at MUFG.<\/p>\n<p>The euro\u200d was last up 0.20% at $1.0840. It \u2064fell to $1.07655\u200b on Friday, the\u2064 lowest since June 13.<\/p>\n<p>========================================================<\/p>\n<h3>Currency bid prices at 10:35AM \u200b(1435 \u200cGMT)<\/h3>\n<ul>\n<li>Description: RIC<\/li>\n<li>Last: U.S. Close<\/li>\n<li>Pct\u2064 Change: \u200cYTD Pct<\/li>\n<li>High Bid: Low Bid<\/li>\n<\/ul>\n<ul>\n<li>Dollar index: 103.8200<\/li>\n<li>Euro\/Dollar: $1.0840<\/li>\n<li>Dollar\/Yen: \u2063146.3650<\/li>\n<li>Euro\/Yen: 158.67<\/li>\n<li>Dollar\/Swiss: 0.8810<\/li>\n<li>Sterling\/Dollar: $1.2609<\/li>\n<li>Dollar\/Canadian: \u20641.3598<\/li>\n<li>Aussie\/Dollar: \u2064$0.6450<\/li>\n<li>Euro\/Swiss: 0.9548<\/li>\n<li>Euro\/Sterling: 0.8595<\/li>\n<li>NZ: $0.5940<\/li>\n<li>Dollar\/Norway: 10.6650<\/li>\n<li>Euro\/Norway: 11.5649<\/li>\n<li>Dollar\/Sweden: 10.9340<\/li>\n<li>Euro\/Sweden: 11.8535<\/li>\n<\/ul>\n<p>(Reporting by \u2064Karen Brettell; Additional reporting by \u2064Alun John in London; Editing \u200bby Sharon Singleton)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/dollar-soft-as-markets\/attachment\/file-photo-illustration-shows-u-s-dollar-banknotes-3\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Former Trump Aide Testifies in Court<\/h2>\n<p>Former\u2064 senior \u2062Trump White House\u2063 aide Peter Navarro\u200d testified \u2064Monday in a\u2063 federal courtroom on\u2062 charges of defying a\u2062 Democrat-appointed \u2064House J6 Select Committee\u2064 subpoena.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>UNC Chapel \u2063Hill on\u200d Lockdown<\/h2>\n<p>UNC Chapel Hill goes on lockdown \u2064and Judge Chutkan sets Trump\u2019s alleged Election Interference trial date just before Super Tuesday.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Mark\u200c Meadows&#8217; Trial Moves \u200bto Federal Court<\/h2>\n<p>National Legal and Policy Center \u2063legal counsel Paul Kamenar says former Trump Chief-of-Staff Mark Meadows\u2062 has \u200d\u201ca good chance\u201d \u2062in succeeding in \u200chis bid to move his trial on charges of tampering with the 2020 election to federal court.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Cameras Banned \u2062from Bryan Kohberger&#8217;s Trial<\/h2>\n<p>Lawyers for Bryan Kohberger\u2062 asked an Idaho judge to\u200c ban cameras from the\u2063 courtroom.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>SEC\u200c Should Have Approved Grayscale Investments&#8217; Application<\/h2>\n<p>By Hannah Lang (Reuters) \u2013 The U.S. Securities \u200dand Exchange Commission\u2063 should have approved an application from \u200dGrayscale Investments\u2063 to create a\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>SEC Should Have Approved Grayscale Investments&#8217; Application<\/h2>\n<p>By Hannah Lang (Reuters) \u2013\u200d The U.S. Securities and Exchange Commission\u2062 should have approved\u2063 an \u200capplication from Grayscale Investments\u2064 to create a\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Xiaomi Corp Reports Revenue \u200dDrop<\/h2>\n<p>SHENZHEN, China (Reuters) -Chinese smartphone\u2062 maker Xiaomi Corp\u2064 reported a 4% revenue drop in the second quarter, tracking\u200b a shrinkage in China\u2019s\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Xiaomi Corp Reports\u2064 Revenue Drop<\/h2>\n<p>SHENZHEN, China (Reuters) -Chinese smartphone maker Xiaomi Corp reported a \u200d4% \u2062revenue drop in the second \u200bquarter, tracking a shrinkage in China\u2019s\u2026\u200b <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US dollar declined on Tuesday as job openings in the country decreased in July, ahead of the anticipated August jobs report. Labor demand, measured by job openings, fell by 338,000 to 8.827 million on the final day.<\/p>\n","protected":false},"author":66,"featured_media":2015373,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2015372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2015372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2015372"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2015372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2015373"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2015372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2015372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2015372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}