Dollar Gains Over Jobs Buzz – Pound Takes a Small Dip
Yesterday’s market saw the US dollar rocketing up thanks to a surprise boom in American job openings, nudging sterling a tad lower by about 0.3% at $1.3712. Plus, the pound landed at a three‑and‑a‑half‑year high of $1.3800 earlier in the week.
Why the Dollar’s Got a Boost
- US firms reported 7,769,000 vacancies in May, a jump from 7,395,000 in April.
- That number tops the economists’ prediction of roughly 7.3 million.
- National Australia Bank analysts warned that Trump’s latest spending bill—an expanded “issuance” and a surge in government outlays—might actually hurt Treasury markets, yet it’s still keeping the dollar firmly in the green.
What It Means for the Pound
The pound’s slight wobble is nothing dramatic. While it’s staying lower against the dollar, investors still see a bright side as the currency reaches levels it hasn’t seen since early 2021.
Quick Takeaway
More job openings = stronger dollar = a bruised but resilient pound. Keep your eyes on the market, because those numbers can flip the tilt in any direction.
