Daily digest market movers: The US Dollar holds its ground with JOLTS jobs on focus

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  • US JOLTS Job Openings surprised in August with an increase to 8.05 million vacancies and is expected to have remained close to the 8 million openings in September.
     
  • The Conference Board’s Consumer Confidence Index is seen improving to 99.5 from September’s 98.7 reading.
     
  • These figures are likely to improve the expectations of the preliminary Q3 Gross Domestic Product (GDP) data, to be released on Wednesday. The US economy is expected to have grown at a 3% annualized pace, a strong expansion that could provide additional support to the US Dollar.
     
  • On Friday, the Nonfarm Payrolls (NFP) report is expected to show a lower increase in employment than in the previous month. Such an outcome might cap the US Dollar’s rally

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