Posted 4/2/2024, 11:00:00 AM
Job Openings Data Could Sway Fed Rate Cut Odds and Impact Currencies
- US Job Openings and Labor Turnover Survey (JOLTS) data for February to be released on Tuesday.
- Job openings forecast to edge down to 8.79 million from 8.86 million in January.
- Data will provide insights into labor market dynamics impacting wages and inflation.
- Markets pricing in 65% chance of 0.25% Fed rate cut in June.
- JOLTS data could influence EUR/USD, which faces resistance at 1.0840-1.0850 and support at 1.0700.