US JOLTS job openings rose to 7.6 million in April, exceeding forecasts and signaling a resilient labor market.
EUR/USD traded in a tight 1.1620–1.1650 range as US and euro area short-term interest rates remained stable. The dollar found support from stronger-than-expected US labor data, challenging bearish views on US assets.
April JOLTS job openings reached 7.6 million, above the 6.9 million consensus, while hires dipped to 5.1 million and layoffs held steady at 1.7 million. The figures suggest the labor market is no longer cooling and may be tightening again, despite being April data.
Euro area inflation matched expectations at 3.2% year-over-year, with core inflation rising to 2.5%, driven by services. The print limits hawkish interpretations but supports a potential ECB rate hike in June.