020 7898 0500The dollar shook off some early weakness to stregthen to more than a one-week high yesterday, after data showed US job openings surging to a record high in June.
On Tuesday, the Labor Department said that job openings increased by 461,000 to a seasonally adjusted 6.2 million, the highest level since the series started in December 2000. This reinforces the strong non-farm payrolls data from last Friday, and helped strengthen the dollar significantly. This has led to increased speculation that there could be an interest rate hike before the year is out.
Today sees US crude oil inventories as the only tier data, but the market will watch for further murmurs of any interest rate rise speculation in the US.
