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US JOLTS and Consumer confidence slide- EUR/USD hits fresh European session highs
The US JOLTS- Job openings report and latest Nationwide US consumer confidence index have now been released. As noted earlier, the markets were expecting the US consumer to be a good deal less confident last month. Well, that is most definitely the case, because it has fallen to just 86. The March JOLTS number was expecting to show a drop in vacancies to around 7.5 million from a prior number of 7.568 million. JOLTS have actually fallen significantly too, dropping to just 7.192 million. The dollar has reacted immediately to these releases and the USD/JPY has tested the 142 handle again and the EUR/USD just hit a fresh European session high at 1.1417. Make no mistake folks, none of this data was at all positive for the US currency.
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