The US dollar rises after the decline in job offers by Investing.com



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Investing.com – The US dollar edged up on Tuesday, as job offers in the US fell for the second month in a row.

The, which measures the strength of the greenback against a basket of six major currencies, rose 0.1% to 98,347 at 09:49 (ET) (13:49 GMT).

slipped from 31,000 to 7.2 million seasonally adjusted in July, said Tuesday the Department of Labor in its monthly survey of job openings and turnover of the workforce, or JOLTS.

The government announced last Friday that its number had increased by 130,000 in August, against 159,000 in July.

Although the JOLTS figures are a lagging indicator, the Federal Reserve is using it to confirm the trend in the labor market. The Federal Reserve's expectation of reducing interest rates by a quarter this month remains estimated at 92%.

The Japanese yen, which is seen as a safe haven in times of market turbulence, fell 0.1% to 107.30.

The pound sterling recovered slightly after the UK employment report showed strong wage growth and a drop in the unemployment rate. rose 0.1% to 1.2349 and decreased 0.1% to 1.1039.

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