Investing.com – The US dollar rose modestly on Tuesday when job creation in the US fell for the second consecutive month.
The one, which measures the strength of the green currency against a basket of six major currencies, gained 0.1% to 98,347 at 9:49 AM ET (13:49 GMT).
dropped by 31,000 to a seasonally adjusted 7.2 million in July, the Labor Ministry said in its monthly job creation and turnover survey or JOLTS on Tuesday.
Increases by 1
Although the JOLTS numbers are a lagging indicator, the Federal Reserve is used to confirm market trends work places. Expectations by the Federal Reserve to cut interest rates by a quarter point this month remain at 92%.
The Japanese yen, seen as a safe haven in times of market turmoil, fell 0.1% to 107.30.
The sterling rebounded slightly after the US Employment Report showed solid wage growth and a fall in unemployment. rose 0.1% to 1.2349, while fell 0.1% to 1.1039.
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